Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of non-steroidal anti-inflammatory drugs (NSAIDs) and other bioactive compounds. Its structure serves as a building block in heterocyclic chemistry, enabling the creation of more complex molecules with potential therapeutic effects. It is also employed in research settings for the design of novel compounds targeting central nervous system disorders and inflammatory conditions. The carboxylic acid functionality allows for easy derivatization, making it valuable in medicinal chemistry for generating ester and amide analogs during drug optimization.