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 creation of biologically active molecules with analgesic and antipyretic properties. Also employed in agrochemicals for designing herbicides and fungicides due to its ability to enhance molecular stability and binding affinity. Commonly utilized in research for constructing novel heterocyclic compounds in medicinal chemistry.