This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various therapeutic agents. It plays a significant role in the development of anti-inflammatory and analgesic drugs, contributing to the creation of compounds that target pain and inflammation pathways. Additionally, it is employed in research settings to study its potential as a building block for novel bioactive molecules, particularly in the design of enzyme inhibitors. Its structural properties make it valuable in medicinal chemistry for optimizing drug efficacy and selectivity.