Used in organic synthesis as an intermediate for the production of various pharmaceuticals, particularly in the development of compounds with potential anti-inflammatory and analgesic properties. Its structure is valuable in creating complex molecules for drug discovery, especially in targeting enzymes or receptors involved in pain and inflammation pathways. Additionally, it serves as a building block in the synthesis of dyes and pigments, contributing to the production of colorants for industrial applications. Its versatility in chemical reactions makes it a useful component in research and development for novel therapeutic agents and functional materials.