Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of non-steroidal anti-inflammatory drugs (NSAIDs) and selective COX-2 inhibitors. It also serves in agrochemical formulations, enhancing the efficacy of certain herbicides and plant growth regulators. Its structure allows for easy functionalization, making it valuable in medicinal chemistry for building bioactive molecules. Additionally, it finds use in research laboratories for designing novel heterocyclic compounds with potential biological activity.