Used in pharmaceutical research as a key intermediate in the synthesis of various biologically active compounds, including anti-inflammatory and anti-cancer drugs. It plays a role in the development of potential drugs targeting neurological disorders, inflammation, and various other diseases. Additionally, it is utilized in organic chemistry studies to explore novel reactions and pathways for creating complex molecules. In agriculture, it serves as a starting material for developing pesticides and plant growth regulators. Its structure is valuable in designing compounds with specific therapeutic properties.