Used primarily in organic synthesis, it serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its structure is particularly valuable in the development of compounds with potential anti-inflammatory and analgesic properties. Additionally, it is utilized in the synthesis of heterocyclic compounds, which are crucial in medicinal chemistry for designing drugs with targeted biological activities. Its applications also extend to research laboratories, where it is employed in studies focusing on the development of new therapeutic agents and chemical reactions.