Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs) with anti-inflammatory and analgesic properties. Its structure supports the construction of heterocyclic compounds commonly found in modern drug design. Also employed in agrochemical research for the development of novel pesticides and herbicides due to its stability and reactivity in coupling reactions. Commonly utilized in medicinal chemistry for scaffold modification and structure-activity relationship (SAR) studies.