Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of drugs targeting inflammation and central nervous system disorders. It also serves in the preparation of agrochemicals, contributing to the creation of herbicides and plant growth regulators. Its structure allows for easy modification, making it valuable in medicinal chemistry for building bioactive molecules. Additionally, it finds use in the development of corrosion inhibitors and in coordination chemistry as a ligand for metal ions in catalytic systems.