Used in the synthesis of nonsteroidal anti-inflammatory drugs (NSAIDs), particularly as an intermediate in producing profen-class medications. It serves as a building block in pharmaceuticals where the methyl and methoxyphenyl groups support effective stereochemistry in derivatives for biological activity. Also employed in the development of agrochemicals and specialty polymers due to its stable aromatic structure and carboxylic acid reactivity. Its derivative forms are explored in liquid crystal formulations and as modifiers in polymer resins for improved thermal stability.