This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various pharmaceuticals. Its structure is particularly valuable in the development of anti-inflammatory and analgesic drugs, as it can be modified to enhance biological activity and selectivity. Additionally, it is employed in the synthesis of complex molecules for research purposes, aiding in the study of chemical reactions and pathways. Its applications extend to material science, where it is used in the creation of specialized polymers and coatings with unique properties.