Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of active pharmaceutical ingredients (APIs). It plays a significant role in organic synthesis, especially in the formation of complex molecules through esterification and condensation reactions. Additionally, it is utilized in the development of fine chemicals and agrochemicals, contributing to the creation of herbicides, fungicides, and insecticides. Its reactivity and versatility make it valuable in research and industrial applications for constructing carbon-carbon bonds and introducing methoxy groups into target compounds.