Used as an intermediate in the synthesis of pharmaceuticals and fine chemicals, particularly in the development of non-steroidal anti-inflammatory drugs (NSAIDs). It serves as a building block in organic reactions where alkoxy-substituted aromatic ketones are required. Its structure allows for further functionalization, making it valuable in creating active pharmaceutical ingredients and in the preparation of analogs for drug discovery. Also utilized in research settings for the development of new synthetic pathways and in the production of specialty chemicals.