This chemical is primarily utilized in the synthesis of various pharmaceutical compounds. It serves as a key intermediate in the production of nonsteroidal anti-inflammatory drugs (NSAIDs) and other therapeutic agents. Its structure allows it to act as a building block in the development of molecules targeting inflammation and pain relief. Additionally, it is employed in research settings for the creation of novel organic compounds with potential medicinal properties. Its application extends to the field of organic chemistry, where it is used in the study of reaction mechanisms and the development of new synthetic pathways.