Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of non-steroidal anti-inflammatory drugs (NSAIDs) and other bioactive molecules. Its structure allows for selective derivatization, making it valuable in medicinal chemistry for developing compounds with improved metabolic stability and target specificity. Commonly employed in the preparation of fenamates and related analgesic agents. Also utilized in research settings for designing novel drug candidates targeting cyclooxygenase (COX) enzymes.