Used as an intermediate in the synthesis of pharmaceuticals, particularly in the production of non-steroidal anti-inflammatory drugs (NSAIDs). It serves as a building block for active pharmaceutical ingredients due to its functional groups that allow further chemical modifications. Commonly employed in research and development for drug discovery, especially in creating analogs of known analgesic and anti-inflammatory compounds. Also utilized in organic synthesis for preparing heterocyclic compounds and in the development of novel medicinal agents targeting pain and inflammation pathways.