Used in the synthesis of various pharmaceuticals, particularly in the development of compounds with potential therapeutic effects. It serves as a key intermediate in the production of anti-inflammatory and anticancer agents. Additionally, it is utilized in organic chemistry research to create complex molecules for drug discovery. Its derivatives are also explored for their role in agrochemicals, contributing to the development of pesticides and herbicides. In the fragrance industry, it is employed to produce synthetic scents due to its aromatic properties.