Used as a key intermediate in the synthesis of functional organic materials, particularly in the development of liquid crystal compounds and specialty polymers. Its benzyloxy-protected phenolic structure allows for selective deprotection and further functionalization in multi-step organic syntheses. Commonly employed in the preparation of advanced pharmaceutical intermediates and as a building block for dendritic or supramolecular structures due to its rigid aromatic core and reactive carboxylic acid group. Also finds use in research settings for designing sensors and molecular recognition systems.