Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs) with anti-inflammatory and antimicrobial properties. Its structure supports the construction of heterocyclic compounds that are common in modern drug design. It is also employed in agrochemical research for the development of novel pesticides and herbicides due to its favorable reactivity and stability in multi-step organic transformations. The ester functionality allows for easy modification, making it valuable in combinatorial chemistry and high-throughput screening for new bioactive molecules.