Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of non-steroidal anti-inflammatory drugs (NSAIDs) and related analgesic compounds. Its structure allows for functional modifications that enhance drug potency and selectivity. Commonly employed in research settings for developing new cyclooxygenase (COX) inhibitors. Also utilized in the preparation of biologically active molecules targeting central nervous system disorders due to its ability to cross the blood-brain barrier effectively.