Used as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and agrochemicals. Its ether and ester functional groups make it suitable for cross-coupling reactions and nucleophilic substitutions. Commonly employed in the development of bioactive molecules due to the presence of the substituted phenoxy group, which can enhance lipophilicity and metabolic stability. Also utilized in fragrance synthesis owing to its aromatic character and ester moiety, contributing to sweet, fruity, or floral notes.