This compound is primarily utilized in the pharmaceutical and chemical research sectors. It serves as a key intermediate in the synthesis of various nonsteroidal anti-inflammatory drugs (NSAIDs), particularly those belonging to the oxicam class. Its structure is crucial for developing compounds with anti-inflammatory, analgesic, and antipyretic properties. Additionally, it is employed in organic synthesis to create derivatives with potential therapeutic applications, such as inhibitors for specific enzymes or receptors. Researchers also explore its use in designing novel drug candidates for treating inflammatory conditions and pain management.