Used as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of anti-inflammatory and analgesic agents. Its structure supports the design of bioactive molecules targeting cyclooxygenase (COX) enzymes. Also employed in agrochemical research for developing herbicides and plant growth regulators due to its ability to influence hormonal pathways in plants. The compound's aromatic and heterocyclic features make it valuable in medicinal chemistry for structure-activity relationship studies.