Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of anti-inflammatory and analgesic compounds. Its structure supports the design of molecules with enhanced selectivity and binding affinity toward cyclooxygenase (COX) enzymes, making it valuable in the creation of non-steroidal anti-inflammatory drugs (NSAIDs). Additionally, it serves as a building block in medicinal chemistry for optimizing drug candidates with improved metabolic stability and bioavailability.