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 anti-inflammatory and analgesic drugs, particularly those targeting conditions like arthritis and chronic pain. Its structural properties make it a valuable building block for creating molecules that interact with specific biological pathways, such as cyclooxygenase (COX) inhibition. Additionally, it is explored in research for its potential applications in designing novel therapeutic agents with improved efficacy and reduced side effects.