Primarily used in the synthesis of pharmaceuticals, it serves as an intermediate in the production of various active pharmaceutical ingredients (APIs). Its role is crucial in the development of drugs targeting inflammation and pain, as it can be modified to create compounds with anti-inflammatory and analgesic properties. Additionally, it is utilized in research laboratories for studying biochemical pathways and developing new therapeutic agents. Its application extends to the field of organic chemistry, where it is employed in the preparation of complex organic molecules for further study or industrial use.