Used as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and fine chemicals. Its ester and hydroxyl functional groups allow for selective reactions, making it valuable in building complex molecules. Commonly employed in the synthesis of prodrugs due to the benzyl group’s ability to be easily cleaved under mild conditions. Also utilized in fragrance and flavor industries owing to its ester characteristics and mild odor. Serves as a building block in polymer chemistry for biodegradable polyesters when copolymerized with other monomers.