Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of antihypertensive and anti-inflammatory drugs. It also serves as a building block in the preparation of agrochemicals, including herbicides and plant growth regulators. Its structure allows for easy functionalization, making it valuable in research for designing new bioactive molecules. Additionally, it has been explored in coordination chemistry as a ligand for metal complexes with potential catalytic or antimicrobial properties.