Used primarily in the synthesis of nonsteroidal anti-inflammatory drugs (NSAIDs), particularly as an intermediate in the production of profen-class medications. It serves as a chiral building block in pharmaceutical manufacturing, enabling the development of compounds with improved analgesic and antipyretic properties. Its structure supports the creation of derivatives that modulate cyclooxygenase enzyme activity, contributing to reduced inflammation and pain. Commonly employed in research settings for developing novel therapeutic agents and optimizing drug delivery systems.