Used primarily as a chemical intermediate in the synthesis of pharmaceuticals and agrochemicals. It serves as a building block in the production of certain non-steroidal anti-inflammatory drugs (NSAIDs) and selective COX-2 inhibitors. Its structure supports activity in biologically active compounds, making it valuable in medicinal chemistry for developing agents with analgesic and antipyretic effects. Also employed in the development of crop protection agents due to its stability and reactivity in heterocyclic transformations.