Used in the synthesis of nonsteroidal anti-inflammatory drugs (NSAIDs), particularly as an intermediate in producing profen-class medications like ibuprofen and related analogs. It serves as a building block in organic chemistry for constructing arylpropionic acid derivatives, which exhibit analgesic, antipyretic, and anti-inflammatory properties. Also employed in the development of specialty chemicals and agrochemicals due to its aromatic and carboxylic functional group compatibility in coupling reactions.