Used as an intermediate in the synthesis of non-steroidal anti-inflammatory drugs (NSAIDs), particularly in the development of arylacetic acid derivatives with analgesic and antipyretic properties. It serves as a building block in medicinal chemistry for creating compounds that inhibit cyclooxygenase (COX) enzymes, reducing inflammation and pain. Also employed in research for designing new derivatives with improved pharmacokinetic profiles and reduced side effects. Its structure allows for easy modification, making it valuable in drug discovery and optimization processes.