This chemical is primarily utilized in the synthesis of pharmaceutical compounds due to its structural properties. It serves as a key intermediate in the production of certain drugs, particularly those targeting inflammatory conditions and pain management. Its functional groups make it suitable for further chemical modifications, enabling the creation of more complex molecules with therapeutic potential. Additionally, it is employed in research and development for designing new active pharmaceutical ingredients (APIs) with improved efficacy and safety profiles. Its role in medicinal chemistry underscores its importance in advancing drug discovery and development processes.