Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of anti-inflammatory and analgesic agents. Its structure supports activity in cyclooxygenase (COX) inhibition, making it valuable in research for non-steroidal anti-inflammatory drugs (NSAIDs). Also employed in agrochemical research for designing new pesticides due to its stability and bioactivity. Additionally, it serves as a ligand in catalytic systems for organic transformations, enhancing reaction efficiency in cross-coupling and hydrogenation reactions.