Phenyl acetate is widely used in the fragrance and flavor industry due to its pleasant floral and honey-like aroma. It is a key ingredient in perfumes, cosmetics, and personal care products to impart a sweet, floral scent. In the food industry, it serves as a flavoring agent, enhancing the taste of various products such as baked goods, candies, and beverages. Additionally, it is utilized in the synthesis of other organic compounds, including pharmaceuticals and agrochemicals, due to its reactivity and versatility as an intermediate. Its solvent properties also make it useful in certain industrial applications.