This compound is primarily utilized in the pharmaceutical and organic synthesis industries. It serves as a key intermediate in the production of various active pharmaceutical ingredients (APIs), particularly those targeting inflammatory and autoimmune conditions. Its structure is valuable for developing compounds with potential therapeutic effects, such as nonsteroidal anti-inflammatory drugs (NSAIDs) or other bioactive molecules. Additionally, it is used in research settings to study structure-activity relationships (SAR) in drug development, helping to optimize the efficacy and safety of new medications. Its methoxy and carboxylic acid functional groups make it a versatile building block for creating more complex chemical entities.