Used as an intermediate in the synthesis of potent COX-2 (cyclooxygenase-2) inhibitors. Its structure allows for further chemical modifications to develop anti-inflammatory, analgesic, and antipyretic agents. Particularly valuable in pharmaceutical research for creating compounds with improved selectivity and reduced gastrointestinal side effects compared to traditional NSAIDs. Also explored in the development of novel heterocyclic compounds for potential use in treating chronic inflammatory diseases and certain types of cancer.