This chemical is primarily utilized in the synthesis of various pharmaceutical compounds. It serves as a key intermediate in the production of non-steroidal anti-inflammatory drugs (NSAIDs), which are widely used to reduce inflammation, pain, and fever. Additionally, it plays a role in the development of certain antihistamines, which are effective in treating allergic reactions. Its structural properties make it valuable in organic synthesis, particularly in the formation of complex molecules with potential therapeutic applications. Researchers also explore its use in creating novel compounds for targeting specific biological pathways, contributing to advancements in medicinal chemistry.