Used in organic synthesis as an intermediate for pharmaceuticals and fine chemicals. Its α,β-unsaturated ester structure makes it suitable for Michael addition reactions and other conjugate additions, enabling the construction of complex molecules. Commonly employed in the development of bioactive compounds, including potential drug candidates targeting inflammation and central nervous system disorders. Also utilized in the preparation of fragrances and flavoring agents due to its aromatic and ester characteristics. Serves as a building block in medicinal chemistry for modifying molecular frameworks involving dihydrobenzofuran scaffolds.