This chemical is primarily utilized in the synthesis of various pharmaceutical compounds, particularly those targeting inflammation and pain management. It serves as a key intermediate in the production of nonsteroidal anti-inflammatory drugs (NSAIDs), which are widely used to alleviate symptoms such as swelling, pain, and fever. Additionally, it plays a role in the development of bioactive molecules for research in metabolic disorders and hormone-related conditions. Its structural properties make it valuable in organic chemistry for creating complex molecules with potential therapeutic applications.