This compound is primarily utilized in the synthesis of pharmaceutical agents, particularly as an intermediate in the production of drugs targeting inflammatory and autoimmune conditions. Its structure is key in developing molecules that modulate specific biological pathways, often contributing to the creation of more effective and selective therapeutic agents. Additionally, it finds use in research settings for studying enzyme interactions and biochemical processes due to its ability to bind to active sites or influence metabolic pathways. Its hydroxy and carboxylic acid functional groups make it a versatile building block in organic synthesis, enabling the creation of complex molecules with potential medicinal applications.