This chemical is primarily utilized in the synthesis of various pharmaceutical compounds, particularly those targeting inflammation and pain management. It serves as a key intermediate in the production of nonsteroidal anti-inflammatory drugs (NSAIDs), contributing to their efficacy and stability. Additionally, it is employed in the development of agrochemicals, where it enhances the performance of certain herbicides and pesticides. Its unique structure also makes it valuable in organic chemistry research, particularly in the study of heterocyclic compounds and their reactions.