Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of non-steroidal anti-inflammatory drugs (NSAIDs). Its structure allows for selective chemical modifications, making it valuable in developing active drug compounds with improved efficacy and reduced side effects. Commonly employed in research and development for creating analogs in medicinal chemistry. Also utilized in the preparation of chiral building blocks for asymmetric synthesis, supporting the manufacture of enantiomerically pure drugs.