This compound is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of various therapeutic agents. Its structure is particularly valuable in the development of anti-inflammatory and analgesic drugs, where it serves as a key building block for more complex molecules. Additionally, it has been explored in research for its potential role in creating compounds that target specific enzymes or receptors involved in inflammatory pathways. Its application extends to the development of novel drug candidates aimed at treating chronic pain and inflammatory conditions.