Used as an intermediate in the synthesis of pharmaceuticals, particularly in the production of non-steroidal anti-inflammatory drugs (NSAIDs). It serves as a building block for active pharmaceutical ingredients due to its carboxylic acid and ether functional groups, which allow for further chemical modifications. Commonly employed in research and development for drug discovery and in the preparation of ester and amide derivatives with biological activity. Also utilized in agrochemical synthesis for developing herbicides and plant growth regulators.