Used primarily in the pharmaceutical industry, this compound serves as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It is particularly valuable in the development of anti-inflammatory and analgesic drugs, where its structure contributes to the efficacy and stability of the final product. Additionally, it finds application in organic synthesis as a building block for more complex molecules, aiding in the creation of compounds with potential therapeutic properties. Its role in research and development is crucial for advancing new drug formulations and improving existing treatments.