This compound is primarily utilized in the synthesis of various pharmaceutical intermediates, particularly in the development of drugs targeting inflammation and pain management. Its structure is often modified to enhance biological activity, making it valuable in medicinal chemistry research. Additionally, it serves as a key precursor in the production of compounds with potential antioxidant properties, which are explored for therapeutic applications in oxidative stress-related conditions. Its versatility in chemical reactions also makes it useful in organic synthesis for creating complex molecules with specific functional groups.