Used as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of anti-inflammatory and analgesic agents. Its structure allows for modification to enhance bioavailability and target specificity. Commonly employed in research settings to design new drug candidates with improved metabolic stability. Also utilized in the preparation of biologically active molecules in medicinal chemistry due to its amide and ester functionalities, which are key in mimicking peptide bonds and enabling cell permeability.