Used primarily in pharmaceutical research, this compound serves as an intermediate in the synthesis of various therapeutic agents. Its structure is particularly valuable in the development of non-steroidal anti-inflammatory drugs (NSAIDs), where it contributes to the modification of biological activity and efficacy. Additionally, it is employed in the study of enzyme inhibition, helping to understand and design molecules that can selectively target specific enzymes involved in disease processes. The compound's unique chemical properties also make it useful in organic synthesis, particularly in the creation of complex molecules for medicinal chemistry.