Used primarily in the synthesis of pharmaceuticals, this compound plays a crucial role in the development of various therapeutic agents. Its structure is particularly valuable in creating molecules that target specific biological pathways, making it essential in drug discovery and medicinal chemistry. Additionally, it serves as an intermediate in the production of agrochemicals, contributing to the formulation of pesticides and herbicides that enhance crop protection. Its sulfonyl and acetic acid groups make it a versatile building block in organic synthesis, enabling the creation of complex chemical structures with potential applications in diverse industries.