Used as a key intermediate in the synthesis of agricultural and pharmaceutical products. Its structure supports the development of pesticides, particularly insecticides and fungicides, due to its ability to enhance bioactivity in active ingredients. Also employed in the preparation of biologically active molecules in medicinal chemistry, especially in the design of drugs targeting central nervous system disorders and inflammatory conditions. Its carboxylic acid group allows for easy derivatization, making it valuable in creating compound libraries for drug discovery.