Used primarily in the development of pharmaceuticals, this compound plays a crucial role in the synthesis of various therapeutic agents. Its structure is particularly valuable in creating molecules that target specific biochemical pathways, making it essential in the design of drugs for treating inflammatory diseases and certain types of cancers. Additionally, it serves as a key intermediate in organic synthesis, contributing to the production of complex chemical entities with potential medicinal properties. Its sulfonic acid group enhances solubility, which is beneficial in formulating more effective and bioavailable drugs.