This chemical is primarily utilized in the synthesis of pharmaceutical intermediates, particularly in the development of active pharmaceutical ingredients (APIs). It serves as a key building block in the production of various drugs, including anti-inflammatory and analgesic agents. Additionally, it is employed in organic synthesis for the preparation of complex molecules, where its carboxylic acid and ester functional groups allow for versatile chemical transformations. Its application extends to research and development in medicinal chemistry, where it is used to explore new therapeutic compounds and optimize drug properties.