Used as an intermediate in the synthesis of pharmaceuticals, particularly in the production of nonsteroidal anti-inflammatory drugs (NSAIDs) and other bioactive molecules. Its structure allows for easy functionalization, making it valuable in constructing more complex organic compounds. Commonly employed in research settings for developing new drug candidates and in the preparation of heterocyclic compounds. Also utilized in the manufacture of agrochemicals and specialty chemicals due to its reactivity in coupling reactions and ring formation processes.