Used in organic synthesis as an intermediate for pharmaceuticals and fine chemicals. Its structure allows for further functionalization, making it valuable in the development of active pharmaceutical ingredients (APIs). The presence of both hydroxyl and ester groups enables participation in esterification, oxidation, and substitution reactions. Commonly employed in the preparation of chiral molecules due to the stereogenic center at the hydroxy-bearing carbon. Also utilized in the synthesis of analgesics and anti-inflammatory agents, particularly in routes involving bromoaryl building blocks. Suitable for research in medicinal chemistry and drug discovery.