Used primarily as an intermediate in organic synthesis, this compound plays a key role in the production of various pharmaceuticals and agrochemicals. Its structure allows it to act as a building block for more complex molecules, particularly those requiring a benzoic acid core with an ether linkage. It is also utilized in the development of liquid crystal materials, where its specific molecular configuration contributes to the desired properties of the final product. Additionally, it finds applications in the creation of specialized polymers and coatings, enhancing their performance characteristics.