Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of non-steroidal anti-inflammatory drugs (NSAIDs) and COX-2 inhibitors. Its structure supports the creation of biologically active molecules with analgesic and antipyretic properties. Also employed in agrochemical formulations for enhancing the stability and efficacy of certain pesticides. Commonly utilized in research settings for designing novel heterocyclic compounds with potential therapeutic applications.