This compound is primarily used in the pharmaceutical and cosmetic industries due to its anti-inflammatory and analgesic properties. It is often incorporated into topical creams and gels aimed at relieving pain and reducing inflammation associated with conditions like arthritis, muscle strains, and joint discomfort. Additionally, it serves as an intermediate in the synthesis of more complex pharmaceutical agents, enhancing their efficacy and stability. In cosmetics, it is utilized in formulations to improve skin texture and provide soothing effects, making it a valuable ingredient in skincare products targeting sensitive or irritated skin.