This chemical is primarily utilized in the synthesis of various pharmaceutical compounds. It serves as a key intermediate in the production of nonsteroidal anti-inflammatory drugs (NSAIDs), which are widely used to reduce pain, inflammation, and fever. Additionally, it is employed in the development of certain analgesics and antipyretic medications. Its structural properties make it valuable in organic synthesis, particularly in creating molecules with specific therapeutic effects. The compound is also explored in research for potential applications in designing new drugs with improved efficacy and reduced side effects.