Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of non-steroidal anti-inflammatory drugs (NSAIDs) and kinase inhibitors. It serves as a building block in agrochemicals for creating herbicides and pesticides due to its ability to enhance bioactivity. Also employed in coordination chemistry as a ligand for metal complexes in catalysis. Its structural features make it valuable in the design of functional materials and in research for heterocyclic compound development.