This chemical is primarily used in the synthesis of pharmaceutical compounds and organic materials. It serves as an intermediate in the production of various drugs, particularly those targeting inflammation and pain management. Its structure allows for modifications that enhance the efficacy of active pharmaceutical ingredients. Additionally, it is utilized in research and development for creating novel compounds with potential therapeutic applications. In material science, it can be incorporated into polymers or coatings to impart specific properties such as UV resistance or improved stability. Its versatility makes it valuable in both industrial and academic settings for advancing chemical innovation.