This chemical is primarily utilized in the synthesis of pharmaceuticals, particularly in the production of intermediates for analgesic and antipyretic drugs. It serves as a key building block in the creation of compounds that exhibit pain-relieving and fever-reducing properties. Additionally, it finds application in organic synthesis, where it acts as a precursor for various chemical reactions, aiding in the development of complex organic molecules. Its role in the pharmaceutical industry underscores its importance in the formulation of medications aimed at improving health and managing symptoms.