Used primarily as a reactive intermediate in organic synthesis, this compound serves as a building block for the preparation of more complex ester and epoxy-containing molecules. Its epoxide group enables ring-opening reactions with nucleophiles such as amines, alcohols, or thiols, allowing for the introduction of the benzoate-functionalized side chain into polymers, resins, or pharmaceuticals. It is also employed in the modification of epoxy resins to improve adhesion, flexibility, or cross-linking density. Due to the presence of the ester moiety, it can undergo transesterification or hydrolysis to tailor solubility or reactivity in coating formulations or specialty chemicals.