Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of non-steroidal anti-inflammatory drugs (NSAIDs) and COX-2 inhibitors. Its structure supports the design of compounds with enhanced selectivity and reduced side effects. Also employed in agrochemical research for creating novel pesticides and herbicides due to its stable aromatic framework and functional reactivity. Commonly utilized in medicinal chemistry for scaffold modification and structure-activity relationship (SAR) studies.