2-Acetoxyacetophenone is primarily used in organic synthesis as an intermediate for the production of various pharmaceuticals and fine chemicals. It plays a role in the synthesis of compounds with potential biological activity, such as anti-inflammatory and analgesic agents. Additionally, it is utilized in the preparation of fragrances and flavoring agents due to its aromatic properties. In research, it serves as a building block for developing more complex molecules, particularly in studies involving ketone and ester functional groups. Its reactivity makes it valuable in creating derivatives for further chemical exploration and industrial applications.