Methyl 3-(p-tolyloxy)benzoate finds application in the synthesis of organic compounds, particularly in the development of fragrances and flavoring agents due to its aromatic properties. It is also utilized in the production of liquid crystal materials, which are essential components in electronic displays like LCDs. Additionally, this compound serves as an intermediate in the manufacture of pharmaceuticals, contributing to the creation of active ingredients in various drugs. Its role in research and development is significant, as it aids in studying chemical reactions and creating novel organic molecules.