Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of non-steroidal anti-inflammatory drugs (NSAIDs) and selective COX-2 inhibitors. Its structure supports the creation of biologically active molecules with improved metabolic stability. Also employed in agrochemicals for designing herbicides and fungicides due to its ability to enhance compound specificity and environmental persistence. Additionally, it serves as a building block in coordination chemistry for forming metal complexes with catalytic or antimicrobial properties.