This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various pharmaceuticals and biologically active molecules. Its structure, featuring both a phenyl group and a carboxylic acid moiety, makes it a versatile building block for constructing complex compounds, particularly those targeting therapeutic applications. Researchers often employ it in the development of drugs with potential anti-inflammatory, antimicrobial, or anticancer properties. Additionally, its pyrrole ring system is of interest in material science for designing organic electronic materials or dyes due to its conjugated structure.