This compound is primarily utilized in the synthesis of various pharmaceuticals, particularly in the development of anti-inflammatory and analgesic drugs. Its structure serves as a key intermediate in creating molecules that target specific enzymes or receptors involved in pain and inflammation pathways. Additionally, it finds application in organic chemistry research as a building block for more complex chemical entities, aiding in the study of structure-activity relationships. Its derivatives are also explored for potential use in treating neurological disorders due to their ability to interact with central nervous system targets.