Used primarily in the pharmaceutical industry, it serves as an intermediate in the synthesis of various medicinal compounds. Its structure is beneficial in developing anti-inflammatory and analgesic drugs, leveraging its salicylic acid backbone. Additionally, it finds application in organic synthesis for creating complex molecules due to its reactive ethoxy and hydroxyl groups. In dermatology, it is utilized in formulations aimed at treating skin conditions, thanks to its keratolytic properties. Its versatility also extends to research settings, where it is employed in studies focused on drug delivery systems and chemical modification processes.