Used in the synthesis of non-steroidal anti-inflammatory drugs (NSAIDs), this compound serves as a key intermediate in pharmaceutical development. Its structure allows for selective inhibition of cyclooxygenase enzymes, contributing to anti-inflammatory, analgesic, and antipyretic effects. It is also employed in research for developing analogs with improved efficacy and reduced gastrointestinal side effects. Additionally, it finds use in medicinal chemistry for structure-activity relationship (SAR) studies targeting inflammatory diseases.