Used in the synthesis of pharmaceutical compounds, particularly in the development of drugs targeting inflammation and pain. It serves as a key intermediate in the production of nonsteroidal anti-inflammatory drugs (NSAIDs). Additionally, it is utilized in research for creating novel therapeutic agents due to its structural properties. In the field of organic chemistry, it acts as a building block for complex molecules, aiding in the study of chemical reactions and pathways. Its applications also extend to the development of dyes and pigments, where it contributes to the creation of stable and vibrant colorants.