Used as a chiral building block in the synthesis of pharmaceuticals, particularly in the production of non-steroidal anti-inflammatory drugs (NSAIDs) and herbicides. Its enantiomers serve as intermediates in asymmetric synthesis, enabling the development of optically active compounds. The compound’s structure allows for functional modifications useful in agrochemical formulations, where it contributes to the efficacy and selectivity of certain plant growth regulators. It is also employed in research settings for developing new bioactive molecules due to its stability and reactivity profile.