Phenyl propionate is widely used in the pharmaceutical industry as an intermediate in the synthesis of various drugs, particularly those with anti-inflammatory and analgesic properties. It serves as a key building block in the production of corticosteroids and other steroid-based medications. In the fragrance and flavor industry, it is utilized as a component in creating aromatic compounds due to its pleasant, sweet, and balsamic odor. Additionally, it finds application in organic synthesis as a reagent for producing esters and other derivatives, which are essential in the development of specialty chemicals. Its versatility makes it valuable in both industrial and research settings.