Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of non-steroidal anti-inflammatory drugs (NSAIDs) and COX-2 inhibitors. Its structure supports the design of compounds with enhanced selectivity and reduced side effects. Also employed in research for new analgesic and antipyretic agents. Shows potential in agrochemicals as a building block for pesticides and plant growth regulators due to its stable aromatic and heterocyclic framework.