Used as an intermediate in the synthesis of pharmaceuticals, particularly in the production of nonsteroidal anti-inflammatory drugs (NSAIDs). It serves as a building block for modifying molecular structures to enhance drug efficacy and selectivity. Its derivatives are explored for their potential in developing analgesic and antipyretic agents. Also utilized in research settings for designing new bioactive compounds and in the development of agrochemicals due to its stable aromatic backbone and functional group reactivity.