Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in developing anti-inflammatory and analgesic drugs. Its structure supports activity in modulating biological targets related to pain and swelling. Commonly employed in research settings for designing new cyclooxygenase (COX) inhibitors. Also utilized in medicinal chemistry for structure-activity relationship (SAR) studies due to its stable ring system and functional group compatibility. Suitable for derivatization to enhance drug potency and selectivity.