This compound is primarily utilized in the synthesis of various pharmaceutical agents, particularly those targeting inflammatory and autoimmune conditions. Its structure allows it to act as an intermediate in the production of nonsteroidal anti-inflammatory drugs (NSAIDs), which are widely used to reduce pain, inflammation, and fever. Additionally, it serves as a key building block in the development of compounds that modulate specific biological pathways, making it valuable in medicinal chemistry research. Its application extends to the study of enzyme inhibition, where it helps in understanding mechanisms related to disease progression and potential therapeutic interventions.