Used as an intermediate in organic synthesis, particularly in the production of pharmaceuticals and fine chemicals. It serves as a building block in the preparation of active pharmaceutical ingredients (APIs) due to its ester functionality and aromatic structure, which can undergo further transformations such as hydrolysis, reduction, or coupling reactions. Its ethoxy-substituted phenyl ring enhances lipophilicity, making it useful in designing drug candidates with improved membrane permeability. Also employed in fragrance synthesis owing to its pleasant, mild odor profile, suitable for floral and fruity scent formulations in cosmetics and consumer products.