Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of beta-blockers and other cardiovascular drugs. Its epoxy and carboxylic acid functional groups allow it to act as a building block in ring-opening reactions, enabling the formation of complex molecular structures. Also employed in the preparation of specialty polymers and coatings, where it contributes to cross-linking and enhances chemical resistance. Additionally, it finds use in agrochemical synthesis for creating active ingredients in pesticides and herbicides due to its reactivity and structural versatility.