Widely used as an intermediate in the synthesis of pharmaceuticals, particularly in the production of analgesic and antipyretic drugs. It serves as a key building block in the preparation of active pharmaceutical ingredients due to its amide and hydroxyl functional groups, which allow for further chemical modifications. Commonly employed in the development of drug derivatives that require enhanced solubility or metabolic stability. Also utilized in research settings for the design of novel compounds with potential therapeutic activity. Its structural features make it suitable for use in coupling reactions and in the formation of prodrugs.