Used primarily as an intermediate in organic synthesis, particularly in the production of pharmaceuticals and fine chemicals. Its functional groups—ester and phenolic hydroxyl—make it suitable for further chemical modifications, such as esterification, ether formation, or coupling reactions. It serves in the preparation of fragrances and flavoring agents due to its aromatic character and ester moiety. Also employed in the development of UV-absorbing compounds and stabilizers in polymer systems, where the hydroxyl group contributes to antioxidant properties. Its structural features allow incorporation into more complex molecules for use in agrochemicals and specialty materials.