Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of nonsteroidal anti-inflammatory drugs (NSAIDs) and cannabinoid receptor modulators. Its structure supports the creation of bioactive molecules with potential applications in pain management and anti-cancer research. Also employed in agrochemicals for developing pesticides and herbicides due to its ability to enhance molecular stability and binding affinity. Commonly utilized in medicinal chemistry for scaffold modification and structure-activity relationship (SAR) studies.