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. It also serves in the preparation of agrochemicals, including herbicides and insecticides, due to its ability to enhance bioactivity in active ingredients. Its structure is valuable in medicinal chemistry for constructing heterocyclic compounds with potential antitumor, antimicrobial, and antiviral properties. Additionally, it is employed in coordination chemistry as a ligand for metal ions in catalytic systems.