This chemical is primarily utilized in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various bioactive compounds, particularly those targeting inflammation and pain. Its structure is often incorporated into molecules designed to inhibit specific enzymes or receptors involved in disease pathways. Researchers also explore its potential in creating novel drugs with anti-inflammatory, analgesic, or antipyretic properties. Additionally, it may be used in the synthesis of heterocyclic compounds, which are valuable in medicinal chemistry for their diverse biological activities.