Used as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and agrochemicals. Its aromatic ester structure makes it valuable in fragrance formulations, contributing fruity and floral notes to perfumes and flavorings. It also serves as a building block in the synthesis of more complex molecules in research laboratories, especially in reactions involving ester hydrolysis or transesterification. Due to its stability and reactivity, it is employed in the development of novel organic compounds for material science and medicinal chemistry applications.