Used primarily in organic synthesis, it serves as an intermediate in the production of various pharmaceuticals and agrochemicals. Its ethoxy groups make it a valuable building block for creating compounds with specific functional properties. In the pharmaceutical industry, it is utilized in the development of drugs that require tailored solubility and bioavailability. Additionally, it finds application in the synthesis of herbicides and pesticides, where its chemical structure contributes to the effectiveness of the final product. Its role in research and development is also notable, particularly in the study of chemical reactions involving aromatic acids.