Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of non-steroidal anti-inflammatory drugs (NSAIDs) and other bioactive molecules. Its structure allows for selective functionalization, making it valuable in medicinal chemistry for building complex aromatic compounds. Commonly employed in the development of fluorinated analogs to enhance metabolic stability and binding affinity in drug candidates. Also utilized in research settings for designing novel compounds with improved pharmacokinetic properties.