This compound is primarily utilized in organic synthesis as a versatile intermediate. Its structure, featuring both a methoxy group and a carboxylic acid, makes it valuable for constructing complex molecules, particularly in pharmaceutical research. It is often employed in the development of drug candidates, where its functional groups can be modified to enhance biological activity or improve pharmacokinetic properties. Additionally, it serves as a building block in the synthesis of heterocyclic compounds, which are crucial in agrochemicals and materials science. Its stability and reactivity under various conditions make it a reliable choice for chemists working on innovative chemical processes.