Used primarily as a pharmaceutical intermediate in the synthesis of nonsteroidal anti-inflammatory drugs (NSAIDs), particularly in the production of indomethacin derivatives. Its structure allows for targeted modification to enhance drug stability, bioavailability, and site-specific delivery. It is employed in research settings to develop prodrugs with improved gastrointestinal tolerance. Also utilized in controlled-release formulations due to its ester linkage, which can be hydrolyzed enzymatically in the body to release the active compound. Commonly found in experimental studies focused on pain management, inflammation reduction, and arthritis treatment.