This chemical is primarily used in the pharmaceutical industry as an intermediate in the synthesis of active pharmaceutical ingredients (APIs). It plays a key role in the development of nonsteroidal anti-inflammatory drugs (NSAIDs) and other therapeutic agents targeting inflammation and pain management. Its structural properties make it valuable for creating compounds with specific biological activities, particularly in modulating enzymes like cyclooxygenase (COX). Additionally, it is utilized in research settings for studying molecular interactions and designing novel drug candidates with improved efficacy and safety profiles.