This chemical is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It is particularly significant in the development of nonsteroidal anti-inflammatory drugs (NSAIDs) and other therapeutic agents targeting inflammation and pain management. Its structural properties make it a valuable building block for creating compounds with specific biological activities. Additionally, it may be employed in research settings for studying chemical reactions and developing novel drug candidates. Its applications are largely focused on medicinal chemistry and drug discovery processes.