This chemical is primarily used in the pharmaceutical industry as an intermediate in the synthesis of nonsteroidal anti-inflammatory drugs (NSAIDs). It plays a key role in producing active pharmaceutical ingredients (APIs) that help reduce inflammation, pain, and fever. Additionally, it is utilized in research and development for creating enantiomerically pure compounds, which are essential for studying biological activity and improving drug efficacy. Its application extends to fine chemical synthesis, where it serves as a building block for more complex molecules in medicinal chemistry.