Used as a key intermediate in the synthesis of non-steroidal anti-inflammatory drugs (NSAIDs), particularly in the production of profen-class medications like ibuprofen and related analogs. Its structure allows for efficient derivatization to form active pharmaceutical ingredients with analgesic, antipyretic, and anti-inflammatory properties. Commonly employed in fine chemical synthesis for developing chiral molecules in enantioselective drug manufacturing. Also utilized in research settings for designing novel carboxylic acid-based bioactive compounds.