Used as an intermediate in the synthesis of non-steroidal anti-inflammatory drugs (NSAIDs), particularly in the development of biphenyl-containing compounds with analgesic and antipyretic properties. It serves as a building block in medicinal chemistry for creating derivatives that target cyclooxygenase (COX) enzymes. Also employed in research for designing new anti-inflammatory agents with improved selectivity and reduced side effects. Its structure allows for easy modification, making it valuable in structure-activity relationship (SAR) studies.