Used as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and fine chemicals. It serves as a building block in the development of bioactive molecules due to the presence of both hydroxyl and ester functional groups, which allow for further chemical modifications. Commonly employed in the synthesis of antioxidants and flavoring agents, it contributes to the creation of compounds with improved stability and sensory properties. Its structural features make it valuable in research related to phenolic derivatives and their applications in medicinal chemistry.