This chemical is primarily used in organic synthesis as an intermediate for the production of more complex compounds. Its structure, featuring both a methoxy group and a carboxylic acid, makes it valuable in the development of pharmaceuticals, particularly in the synthesis of bioactive molecules. It can also serve as a building block in the creation of polymers and specialty chemicals, where its functional groups allow for further chemical modifications. Additionally, it finds application in research settings for studying reaction mechanisms and developing new synthetic pathways.