This chemical is primarily utilized in the synthesis of various pharmaceutical compounds, particularly those targeting inflammation and pain management. It serves as a key intermediate in the production of nonsteroidal anti-inflammatory drugs (NSAIDs), which are widely used to treat conditions like arthritis and other inflammatory disorders. Additionally, its structure is valuable in the development of novel therapeutic agents due to its ability to interact with specific enzymes and receptors involved in inflammatory pathways. Researchers also explore its potential in designing drugs with improved efficacy and reduced side effects, making it a significant compound in medicinal chemistry.