This compound is primarily utilized in organic synthesis as an intermediate for the production of various fine chemicals and pharmaceuticals. Its structure, featuring both a carboxylic acid and an ester functional group, makes it a versatile building block in the development of complex molecules. It is often employed in the synthesis of polymers, where it can contribute to the formation of specific functional groups or enhance material properties. Additionally, it is used in research settings to study reaction mechanisms and develop new synthetic methodologies, particularly in esterification and polymerization processes. Its applications extend to the field of material science, where it can be incorporated into coatings, adhesives, or other specialized materials requiring tailored chemical properties.