Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of nonsteroidal anti-inflammatory drugs (NSAIDs) and COX-2 inhibitors. Its structure supports the design of compounds with enhanced selectivity and reduced gastrointestinal side effects. Also employed in agrochemical research for developing new herbicides and plant growth regulators due to its ability to interact with biological targets in enzyme inhibition. Commonly utilized in medicinal chemistry for scaffold modification and structure-activity relationship (SAR) studies.