Used in the synthesis of pharmaceutical intermediates, particularly in the development of anti-inflammatory and antimicrobial agents. Serves as a building block in organic synthesis due to the presence of both hydroxyl and carboxylic acid functional groups, enabling esterification and ether formation. Employed in research for designing novel bioactive molecules and in the preparation of specialty polymers with tailored properties. Also utilized in the fragrance industry as a precursor for certain aroma compounds.