Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various biologically active molecules. It is particularly valuable in the development of anti-inflammatory and analgesic agents due to its structural properties, which allow for effective interaction with target enzymes and receptors. Additionally, it finds application in the creation of novel compounds for studying metabolic pathways and potential therapeutic effects in treating chronic pain and inflammatory diseases. Its versatility also extends to material science, where it is explored for its potential in designing advanced polymers with specific functional characteristics.