Used in organic synthesis as an intermediate for pharmaceuticals and fine chemicals. Its structure supports the construction of complex aromatic systems, particularly in the development of bioactive molecules. The benzyloxy and ester functionalities allow for selective transformations, making it valuable in multi-step synthesis. Commonly employed in the preparation of substituted benzene derivatives with potential activity in medicinal chemistry. Also utilized in research settings for designing enzyme inhibitors or receptor ligands due to its rigid aromatic core and functional handles for further modification.