Used in the synthesis of non-steroidal anti-inflammatory drugs (NSAIDs), particularly as an intermediate in developing analogs of naproxen. Its aromatic and acetic acid functionalities make it suitable for derivatization in medicinal chemistry. Also employed in research for designing new bioactive molecules targeting pain and inflammation pathways. Limited use in agrochemicals as a building block for plant growth regulators. Not commonly found in consumer products, primarily restricted to laboratory and pharmaceutical development settings.