This chemical is primarily utilized in the synthesis of organic compounds, particularly in the development of pharmaceuticals. It serves as a key intermediate in the production of nonsteroidal anti-inflammatory drugs (NSAIDs), which are widely used to reduce pain, inflammation, and fever. Additionally, it finds application in the research and development of new therapeutic agents, especially those targeting inflammatory pathways. Its role in organic synthesis also extends to the creation of complex molecules for various industrial and medicinal purposes.