Used primarily as an intermediate in the synthesis of pharmaceuticals and fragrances. Its ester structure makes it valuable in organic synthesis for building more complex molecules. Commonly employed in the production of non-steroidal anti-inflammatory drugs (NSAIDs) due to its structural similarity to active pharmaceutical ingredients. Also utilized in perfumery as a stabilizer or fixative to prolong the scent of volatile aromatic compounds. Serves as a solvent or reagent in laboratory-scale reactions, especially in the development of new organic compounds.