Used as an intermediate in the synthesis of pharmaceuticals, particularly in the production of nonsteroidal anti-inflammatory drugs (NSAIDs) and related compounds. It also serves as a building block in the development of dyes and fluorescent agents due to its aromatic structure. In research, it acts as a ligand in coordination chemistry and is employed in the preparation of bioactive molecules with potential antimicrobial or anticancer properties. Its derivatives are explored for use in agrochemicals and organic electronics.