This compound is primarily used as an intermediate in organic synthesis, particularly in the production of pharmaceuticals, agrochemicals, and fine chemicals. Its ester and ether functional groups make it a versatile building block for creating more complex molecules. In the pharmaceutical industry, it can be utilized in the synthesis of active pharmaceutical ingredients (APIs) or as a precursor for drug development. In agrochemicals, it may serve as a component in the formulation of pesticides or herbicides. Additionally, it finds application in the fragrance and flavor industry, where it contributes to the synthesis of aromatic compounds. Its stability and reactivity under various conditions make it a valuable reagent in research and industrial processes.