Used primarily as an intermediate in the synthesis of non-steroidal anti-inflammatory drugs (NSAIDs), particularly in the production of profen-class medications. Its structure allows for chiral synthesis, making it valuable in creating enantiomerically pure pharmaceuticals. It is also employed in the development of specialty chemicals where sterically hindered aromatic compounds are required. The compound’s lipophilic nature enhances drug permeability, contributing to improved bioavailability in final drug formulations.