Used as an intermediate in the synthesis of non-steroidal anti-inflammatory drugs (NSAIDs), particularly in the development of profen-class medications. Its structure allows for chiral derivatization, making it valuable in producing enantiomerically pure active pharmaceutical ingredients. Commonly employed in research settings for optimizing drug delivery and metabolic stability in anti-inflammatory agents. Also utilized in the preparation of prodrugs to enhance oral bioavailability and reduce gastrointestinal side effects.