Used as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of active pharmaceutical ingredients (APIs) with anti-inflammatory and analgesic properties. Its structure allows for easy modification in drug design, making it valuable in creating derivatives that target specific biological pathways. Commonly employed in the preparation of small molecule drugs where enhanced solubility and bioavailability are required. Also utilized in research settings for building blocks in medicinal chemistry and in the development of kinase inhibitors.