Used primarily as an intermediate in the synthesis of pharmaceuticals, particularly in the production of nonsteroidal anti-inflammatory drugs (NSAIDs). Its structure allows for derivatization into active compounds that exhibit anti-inflammatory, analgesic, and antipyretic properties. Commonly employed in research settings for developing new drug candidates targeting pain and inflammation. Also utilized in organic synthesis for building complex naphthalene-based molecules due to its reactive ketone and ester functional groups.