This chemical is primarily utilized in organic synthesis as a key intermediate for the production of various pharmaceuticals and fine chemicals. Its structure, featuring a methoxyphenyl group and an ester functionality, makes it valuable in the synthesis of complex molecules, particularly in the development of drugs targeting neurological and cardiovascular disorders. Additionally, it serves as a precursor in the preparation of heterocyclic compounds, which are widely used in medicinal chemistry for their diverse biological activities. Its application extends to the field of agrochemicals, where it contributes to the synthesis of compounds with herbicidal or pesticidal properties.