Used primarily as an intermediate in the synthesis of pharmaceuticals and agrochemicals. It plays a key role in the preparation of active ingredients in certain analgesics and anti-inflammatory drugs due to its reactivity in nucleophilic substitution and acylation reactions. Its structure allows for easy modification in multi-step organic syntheses, making it valuable in developing complex molecules. Also utilized in the production of some herbicides and plant growth regulators, where it contributes to the stability and bioavailability of the final product. Commonly employed in research settings for constructing heterocyclic compounds and testing new reaction pathways.