This compound is primarily utilized in organic synthesis as an intermediate for the production of more complex molecules. Its structure, featuring both a benzyloxy group and an acrylic acid moiety, makes it valuable in the development of pharmaceuticals, particularly in the synthesis of compounds with potential anti-inflammatory or analgesic properties. Additionally, it is employed in the creation of fine chemicals and specialty polymers, where its reactive sites allow for further functionalization. The benzyloxy group can serve as a protective group in synthetic routes, while the acrylic acid portion enables participation in polymerization reactions, contributing to the development of advanced materials.