Used primarily as an intermediate in organic synthesis, this compound serves in the preparation of fragrances and flavoring agents due to its ester and phenolic characteristics. Its structure allows for derivatization in pharmaceutical manufacturing, particularly in the development of salicylate-based compounds. It may also function as a mild antimicrobial agent in certain formulations, leveraging the inherent bioactivity of the hydroxybenzoate moiety. Additionally, it finds use in research settings for studying ester hydrolysis kinetics and enzyme-substrate interactions.