This chemical is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its structure, featuring a naphthalene ring linked to a propanoic acid group, makes it suitable for constructing more complex molecules, particularly those requiring aromatic systems with functionalized side chains. In pharmaceutical research, it is often employed in the development of compounds with potential anti-inflammatory or analgesic properties. Additionally, it finds application in the synthesis of dyes and pigments, leveraging its aromatic nature to impart color and stability to the final products. Its versatility in chemical reactions, such as esterification and amidation, further broadens its utility in industrial and research settings.