Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors and anti-inflammatory agents. Its structure supports the formation of biologically active molecules, making it valuable in medicinal chemistry research. It is also employed in agrochemicals for designing herbicides and pesticides due to its ability to enhance binding selectivity in target proteins. The compound's carboxylic acid group allows for easy derivatization, facilitating the creation of amides, esters, and other functionalized derivatives in drug discovery pipelines.