Used in organic synthesis as an intermediate for pharmaceuticals and fine chemicals. Acts as a building block in the preparation of bioactive molecules, particularly in the development of antioxidants and anti-inflammatory agents. Its α,β-unsaturated ester structure makes it suitable for Michael addition reactions and other conjugate additions. Also employed in the synthesis of UV-absorbing compounds for use in cosmetics and polymer stabilizers. Commonly utilized in research settings for constructing more complex phenolic derivatives with potential therapeutic activity.