Used as an intermediate in the synthesis of non-steroidal anti-inflammatory drugs (NSAIDs), particularly in the production of benzophenone derivatives with anti-inflammatory and analgesic properties. Its carboxylic acid functional groups allow for easy derivatization, making it valuable in medicinal chemistry for creating ester or amide prodrugs. Also employed in the development of photoactive compounds due to the aromatic ketone structure, which can participate in photochemical reactions. Its rigid molecular framework is useful in designing compounds for structure-activity relationship (SAR) studies.