Used in pharmaceutical synthesis as an intermediate for developing anti-inflammatory and antirheumatic agents. It exhibits potential in modifying drug delivery systems due to its ability to enhance solubility and bioavailability of active compounds. Also investigated for use in prodrug design, where it helps improve metabolic stability and target specificity. Its structural properties support conjugation with other bioactive molecules, making it valuable in creating ester- or amide-based linkages in medicinal chemistry.