Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of non-steroidal anti-inflammatory drugs (NSAIDs) and other bioactive molecules. Its structure allows for easy functionalization, making it valuable in building complex organic compounds. Commonly employed in research and development for creating analogs with potential analgesic, anti-inflammatory, or antipyretic properties. Also utilized in the preparation of agrochemicals and specialty chemicals due to the presence of reactive sites and halogen substituents that facilitate coupling reactions.