Used as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and fine chemicals. Its ester functionality and aromatic moiety make it suitable for use in fragrance synthesis, contributing to the development of stable, long-lasting scent compounds. It also serves as a building block in the creation of more complex molecules in medicinal chemistry, especially in the design of anti-inflammatory or central nervous system agents. The compound's lipophilic character enhances its utility in modifying drug delivery and bioavailability in certain therapeutic applications.