Used primarily as an intermediate in the synthesis of pharmaceuticals, particularly non-steroidal anti-inflammatory drugs (NSAIDs). It serves as a key building block in the production of agents that inhibit cyclooxygenase enzymes, contributing to pain relief and anti-inflammatory effects. Also employed in the development of dyes and pigments due to its aromatic and electron-rich structure, enabling chromophore formation. Its derivatives are explored in medicinal chemistry for potential antitumor and antimicrobial activities.