Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs) with anti-inflammatory and analgesic properties. Its structure allows for easy functionalization, making it valuable in medicinal chemistry for designing drug candidates. It is also employed in agrochemical research to create novel pesticides and herbicides due to its favorable reactivity and stability. Commonly utilized in combinatorial chemistry and high-throughput screening for lead optimization in drug discovery.