This chemical is primarily utilized in the synthesis of nonsteroidal anti-inflammatory drugs (NSAIDs), where it serves as a key intermediate. It is particularly important in the production of diclofenac, a widely used medication for reducing inflammation and pain in conditions such as arthritis, muscle strains, and postoperative recovery. Additionally, its derivatives are explored in pharmaceutical research for developing new therapeutic agents with improved efficacy and reduced side effects. The compound’s structural properties make it valuable in organic synthesis, contributing to the creation of various biologically active molecules.