Used as a key intermediate in the synthesis of agrochemicals, particularly in the production of herbicides and plant growth regulators. Its structure allows for effective modulation of enzymatic activity in plants, making it valuable in developing selective crop protection agents. It is also employed in research for pharmaceutical derivatives due to its bioactive scaffold, showing potential in anti-inflammatory and antimicrobial applications. The compound’s carboxylic acid group enables easy derivatization, facilitating the creation of amides, esters, and other functional variants for use in medicinal chemistry and crop science.