Used as an intermediate in the synthesis of various organic compounds, particularly in the production of fragrances and flavoring agents. It plays a role in the development of aromatic esters, which are essential in creating scents for perfumes and food additives. Additionally, it is utilized in research and laboratory settings for studying esterification reactions and chemical processes. Its application extends to the pharmaceutical industry, where it may be involved in the synthesis of certain active ingredients or intermediates for drug development.