Used in organic synthesis as an intermediate for pharmaceuticals and natural products. Commonly employed in the preparation of substituted benzodioxoles, which are structural motifs in bioactive compounds. Serves as a building block in the development of drugs targeting central nervous system disorders due to the benzodioxole scaffold's ability to enhance blood-brain barrier penetration. Also utilized in the synthesis of fragrances and flavoring agents because of its aromatic character. The ester group allows for easy transformation into acids, alcohols, or amides, making it versatile in medicinal chemistry research.