Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of nonsteroidal anti-inflammatory drugs (NSAIDs) and other bioactive molecules. Its structure allows for selective substitution reactions, making it valuable in constructing complex organic molecules. Commonly employed in research settings for the preparation of analogs in medicinal chemistry, especially in studies related to pain management and inflammation. Also utilized in the formation of esters and amides during drug design processes to modulate solubility and bioavailability.