Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of active ingredients requiring ester functionalities. Its methoxy and methyl substituents enhance reactivity in cross-coupling reactions, making it valuable in building complex aromatic structures. Commonly employed in the preparation of non-steroidal anti-inflammatory drugs (NSAIDs) and analogs due to its ability to modulate metabolic stability and bioavailability. Also utilized in fragrance chemistry for its ester-derived aroma profile, contributing to the creation of synthetic perfumes.