Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of non-steroidal anti-inflammatory drugs (NSAIDs) such as celecoxib and other COX-2 inhibitors. It serves as a building block in heterocyclic chemistry due to its ability to form stable complexes with metal ions, making it useful in catalysis and material science. Also employed in agrochemicals for developing herbicides and pesticides owing to its bioactive properties. Its derivative structures show potential in medicinal chemistry for antimicrobial and anticancer research.