This chemical is primarily used as an intermediate in organic synthesis, particularly in the production of pharmaceuticals and agrochemicals. Its structure allows it to serve as a building block for more complex molecules, often contributing to the development of active ingredients in drugs or crop protection agents. Additionally, it can be utilized in the synthesis of specialty chemicals, where its aromatic and ester functional groups play a key role in creating specific properties. In research and development, it is employed to study reaction mechanisms or to develop new synthetic pathways. Its applications are largely focused on industrial and laboratory settings, where its reactivity and stability are leveraged for efficient chemical transformations.