Used as an intermediate in organic synthesis, particularly in the production of pharmaceuticals and agrochemicals. It serves as a building block for esters and amides in the development of bioactive molecules. Also employed in the formulation of corrosion inhibitors and in the synthesis of specialty polymers due to its aromatic and carboxylic functional groups. Its cyclohexyloxy moiety contributes to lipophilicity, making it useful in modifying solubility properties of complex molecules.