Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of non-steroidal anti-inflammatory drugs (NSAIDs) and selective COX-2 inhibitors. Its structure supports the formation of biologically active molecules by serving as a building block for further functionalization in medicinal chemistry. Commonly employed in research settings for designing novel compounds with potential analgesic and antipyretic properties. Also utilized in the preparation of heterocyclic compounds for screening in drug discovery programs targeting inflammatory pathways.