This compound is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a crucial role in the development of drugs targeting specific medical conditions, particularly in the creation of anti-inflammatory and analgesic medications. Its structural properties make it valuable for designing molecules that can interact with biological targets, enhancing therapeutic efficacy. Additionally, it is employed in research settings for studying structure-activity relationships (SAR) to optimize drug candidates for improved potency and selectivity.