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 bioactive molecules with analgesic and antipyretic properties. Also employed in agrochemical research for creating novel pesticides and herbicides due to its favorable binding characteristics. Commonly utilized in medicinal chemistry for scaffold modification and structure-activity relationship (SAR) studies.