Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs) with anti-inflammatory, analgesic, and antipyretic properties. It serves as a building block in agrochemicals for creating pesticides and herbicides due to its ability to enhance bioactivity. Also employed in the design of functional materials and ligands for catalysis in organic transformations. Its structural versatility makes it valuable in medicinal chemistry for drug discovery and optimization.