Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of non-steroidal anti-inflammatory drugs (NSAIDs). It serves as a building block for imidazole-based compounds that exhibit biological activity, including anti-inflammatory and analgesic properties. Also employed in research for developing new heterocyclic compounds with potential therapeutic applications. Its phenolic and imidazole functional groups allow for easy modification, making it valuable in medicinal chemistry and drug design.