Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of compounds with anti-inflammatory and analgesic properties. It serves as a building block in organic reactions where a functionalized tetrahydronaphthalene scaffold is required. Its structure allows for further chemical modifications, making it valuable in medicinal chemistry for creating drug candidates targeting central nervous system disorders and hormonal therapies. Also applied in research settings for designing novel bioactive molecules due to its rigid aromatic core and ester functionality.