Used as a key intermediate in the synthesis of non-steroidal anti-inflammatory drugs (NSAIDs), particularly in the development of COX-2 inhibitors. Its structure enables selective binding and modulation of inflammatory pathways, making it valuable in medicinal chemistry for designing analgesic and antipyretic agents. Also employed in the preparation of pyrazole-based derivatives for research in oncology and neurodegenerative diseases due to its favorable pharmacokinetic properties and ease of functionalization.