This chemical is primarily used in organic synthesis as an intermediate for the production of various pharmaceuticals and fine chemicals. Its structure, featuring a methoxyphenyl group and an ester functional group, makes it a versatile building block in the synthesis of complex molecules. It is often employed in the development of compounds with potential biological activity, such as anti-inflammatory or anticancer agents. Additionally, it can be utilized in the preparation of fragrances and flavors due to its aromatic properties. Its role in cross-coupling reactions and as a precursor for heterocyclic compounds further highlights its importance in chemical research and industrial applications.