This chemical is primarily utilized in the development of pharmaceutical compounds due to its structural properties, which make it a valuable intermediate in organic synthesis. It is often employed in the creation of anti-inflammatory and analgesic drugs, particularly those targeting specific enzymes or pathways involved in pain and inflammation. Additionally, its unique structure allows for modifications that enhance drug efficacy and selectivity, making it a key component in medicinal chemistry research. Its applications also extend to the study of biochemical processes, where it serves as a tool for understanding molecular interactions and mechanisms.