Used primarily as an intermediate in organic synthesis, particularly in the preparation of ester-based prodrugs and fragrance compounds. Its structure allows for controlled release of salicylate derivatives, making it valuable in pharmaceutical research for developing anti-inflammatory agents with improved bioavailability. Also utilized in the cosmetics industry for its mild antiseptic properties and ability to enhance skin permeability. Additionally, it serves as a flavoring agent in some food applications due to its ester-like, fruity aroma.