Used as an intermediate in the synthesis of non-steroidal anti-inflammatory drugs (NSAIDs), particularly in the production of anti-arthritic and analgesic compounds. It plays a key role in constructing active pharmaceutical ingredients due to its carboxylic acid and ester functional groups, which allow for further chemical modifications. Commonly employed in medicinal chemistry for developing derivatives with improved bioavailability and targeted activity. Also utilized in research settings for designing enzyme inhibitors and studying structure-activity relationships in drug candidates.