This compound is primarily utilized in organic synthesis as an intermediate for the production of various pharmaceuticals and fine chemicals. Its structure, featuring both a carboxylic acid and an ester functional group, makes it versatile for further chemical modifications. It is often employed in the synthesis of cyclohexane derivatives, which are key components in the development of drugs targeting inflammation, pain, and central nervous system disorders. Additionally, it serves as a building block in the preparation of complex molecules for agrochemicals, contributing to the creation of herbicides and pesticides. Its role in facilitating ring-opening and functionalization reactions is also notable in polymer chemistry, where it aids in the development of specialized materials.