Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of non-steroidal anti-inflammatory drugs (NSAIDs) and other bioactive compounds. It serves as a building block in agrochemicals for developing herbicides and pesticides due to its stable heterocyclic structure. Also employed in coordination chemistry as a ligand for metal complexes in catalytic reactions. Its derivatives show potential in materials science for designing functional organic materials with electronic properties.