Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of anti-inflammatory and analgesic drugs. Its structure supports activity as a cyclooxygenase (COX) inhibitor, making it valuable in creating non-steroidal anti-inflammatory compounds. Also explored in the design of selective ligands for central nervous system targets due to its ability to cross the blood-brain barrier. Commonly employed in medicinal chemistry research for optimizing drug candidates with improved metabolic stability and binding affinity.