This chemical is primarily utilized in the synthesis of various pharmaceutical compounds. It serves as a key intermediate in the production of drugs that target inflammatory and pain-related conditions. Its structure allows it to be a precursor in the development of nonsteroidal anti-inflammatory drugs (NSAIDs), which are widely used to reduce pain, inflammation, and fever. Additionally, it is employed in organic synthesis for creating complex molecules with potential therapeutic applications, particularly in the field of medicinal chemistry. Its versatility makes it valuable in research and development for designing new drug candidates with improved efficacy and safety profiles.