This chemical is primarily used in the synthesis of various pharmaceutical compounds, particularly in the development of drugs targeting inflammation and pain. Its structure allows it to act as a key intermediate in creating molecules that inhibit specific enzymes or receptors involved in these processes. Additionally, it finds application in agrochemical research, where it is utilized to develop new pesticides or herbicides due to its potential bioactive properties. In material science, it can be incorporated into polymers or coatings to enhance specific characteristics like durability or chemical resistance. Its versatility makes it valuable in both industrial and research settings.