This chemical 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 compounds that exhibit anti-inflammatory and analgesic properties, making it valuable in the production of medications aimed at treating pain and inflammation. Additionally, it is used in research settings to study the structure-activity relationships of related compounds, aiding in the discovery of new therapeutic agents. Its specific structure allows for modifications that can enhance the efficacy and selectivity of potential drugs, contributing to advancements in medicinal chemistry.