Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of non-steroidal anti-inflammatory drugs (NSAIDs) and selective COX-2 inhibitors. It also serves in the development of agrochemicals, helping to create herbicides and plant growth regulators due to its ability to modify biological activity in heterocyclic compounds. Its functional group allows for easy coupling in peptide synthesis and coordination in metal-organic frameworks for catalytic applications.