Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of anti-inflammatory and analgesic agents. Its structure allows for the formation of esters and amides that are active in modulating biological pathways. Also employed in the preparation of dyes and functional materials where sulfonyl and carboxylic acid groups participate in coordination or polymerization reactions. Its polarity and stability make it suitable for use in aqueous and polar organic solvents during reaction processes.