Used as an intermediate in the synthesis of non-steroidal anti-inflammatory drugs (NSAIDs), particularly in the development of pharmaceutically active compounds with analgesic and antipyretic properties. Its structure allows for derivatization to enhance bioavailability and target specificity. Commonly employed in medicinal chemistry for optimizing drug candidates targeting cyclooxygenase (COX) enzymes. Also utilized in research settings for designing new heterocyclic compounds with potential therapeutic applications.