Used as an intermediate in the synthesis of pharmaceuticals and fine chemicals, particularly in the development of anti-inflammatory agents and other bioactive molecules. Its functional groups allow for easy modification in organic synthesis, making it valuable in creating esters, amides, or salts with enhanced solubility or stability. Also employed in the preparation of ligands for metal-organic frameworks (MOFs) due to its ability to chelate metal ions. Additionally, it finds use in research settings for designing novel compounds with potential therapeutic applications.