Used as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of anti-inflammatory and analgesic agents. Its structure supports the creation of biaryl derivatives that are key in drug design for targeting specific enzymes and receptors. Commonly employed in research settings for developing potential treatments in oncology and central nervous system disorders due to its ability to modulate biological activity when incorporated into larger molecules. Also utilized in the preparation of fluorinated analogs to improve metabolic stability and bioavailability in new drug candidates.