This chemical is primarily used in organic synthesis as an intermediate for the production of various pharmaceuticals and agrochemicals. Its functional groups, including the formyl and ester moieties, make it a versatile building block for constructing complex molecules. It is often employed in the synthesis of active pharmaceutical ingredients (APIs) where the benzoate structure is a key component. Additionally, it finds application in the development of dyes and pigments due to its aromatic and reactive properties. Researchers also utilize it in the preparation of specialized polymers and coatings, leveraging its ability to undergo further chemical modifications.