This chemical is primarily utilized in the synthesis of various pharmaceutical compounds, particularly those targeting inflammatory and infectious diseases. Its structure allows it to act as a key intermediate in the development of inhibitors for enzymes like cyclooxygenase (COX), which are crucial in managing pain and inflammation. Additionally, it finds application in agricultural chemistry, where it is used to create fungicides and herbicides that protect crops from fungal infections and weed growth. Its unique properties also make it a candidate for research in material science, particularly in the development of advanced polymers and coatings with enhanced durability and resistance to environmental factors.