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 cyclooxygenase (COX) inhibitors, contributing to pain relief and reduction of inflammation. Also explored in agrochemical research for its potential in creating bioactive molecules with pest control properties. The compound's carboxylic acid group allows for easy derivatization, making it valuable in medicinal chemistry for generating ester and amide analogs to optimize drug efficacy and pharmacokinetics.