Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of anti-inflammatory and analgesic compounds. Its structure supports the design of molecules targeting cyclooxygenase (COX) enzymes, making it valuable in creating non-steroidal anti-inflammatory drugs (NSAIDs). The compound's carboxylic acid and aromatic ether functionalities allow for derivatization to enhance bioavailability and selectivity. It is also employed in medicinal chemistry research for structure-activity relationship (SAR) studies aimed at optimizing therapeutic efficacy and reducing side effects in pain management and inflammatory disease treatments.