Methyl 2-acetoxypropanoate is primarily used as an intermediate in organic synthesis, particularly in the production of pharmaceuticals and fine chemicals. It serves as a key building block for the synthesis of various active pharmaceutical ingredients (APIs) and other complex organic compounds. Additionally, it is employed in the manufacture of flavoring agents and fragrances, where its ester functionality contributes to the desired aromatic properties. In industrial applications, it can be utilized as a solvent or co-solvent in specific chemical reactions, aiding in the dissolution and reactivity of other substances. Its versatility in chemical transformations makes it a valuable compound in research and development processes across multiple industries.