Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of non-steroidal anti-inflammatory drugs (NSAIDs) and other bioactive molecules. Its cyclic structure and functional groups make it valuable for constructing more complex organic compounds with therapeutic activity. Commonly employed in medicinal chemistry for modifying drug candidates to improve metabolic stability and binding affinity. Also utilized in research settings for designing enzyme inhibitors and exploring structure-activity relationships in heterocyclic compounds.