Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of nonsteroidal anti-inflammatory drugs (NSAIDs) and COX-2 inhibitors. Its structure supports the creation of bioactive molecules with analgesic and antipyretic properties. Also employed in agrochemical research for designing novel pesticides due to its favorable reactivity and stability in heterocyclic transformations. Commonly utilized in medicinal chemistry for scaffold modification and structure-activity relationship (SAR) studies.