Used as a key intermediate in the synthesis of non-steroidal anti-inflammatory drugs (NSAIDs), particularly in the production of biphenyl-based pharmaceuticals. It serves as a building block for active pharmaceutical ingredients due to its ability to modulate biological activity when incorporated into larger drug molecules. Its structure allows for enhanced binding to target enzymes involved in inflammation, making it valuable in medicinal chemistry. Additionally, it is employed in research settings for developing new analogs with improved pharmacokinetic properties.