Used as an intermediate in organic synthesis, particularly in the pharmaceutical and agrochemical industries. It serves as a building block for the preparation of complex molecules due to the presence of methoxy and ester functional groups, which allow for selective transformations. Commonly employed in the synthesis of fragrances and flavoring agents because of its aromatic character. Also utilized in the development of photoresists and other specialty materials in electronics, where its stability and reactivity under controlled conditions are advantageous.