Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of non-steroidal anti-inflammatory drugs (NSAIDs) and selective COX-2 inhibitors. Its structure supports the formation of bioactive molecules with analgesic and antipyretic properties. Also employed in agrochemical research for designing new pesticides and herbicides due to its stable aromatic framework and ease of functionalization. Commonly utilized in medicinal chemistry for scaffold modification and structure-activity relationship (SAR) studies.