Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals. It plays a key role in the preparation of active ingredients in certain drug compounds, particularly in the development of anti-inflammatory and analgesic agents. Its structure allows for selective functionalization, making it valuable in building complex organic molecules. Also employed in research laboratories for the preparation of heterocyclic compounds and as a building block in medicinal chemistry. Due to its reactivity, it is useful in alkylation and acylation reactions, facilitating the formation of carbon-carbon bonds in multi-step syntheses.