This chemical is primarily used as an intermediate in the synthesis of various organic compounds, particularly in the pharmaceutical and agrochemical industries. It plays a crucial role in the production of active pharmaceutical ingredients (APIs) and other fine chemicals. Its structure allows it to be a versatile building block for creating complex molecules, especially those with benzoic acid or ester functional groups. Additionally, it is utilized in research and development for designing new compounds with potential biological activities, such as herbicides, fungicides, or therapeutic agents. Its applications are focused on enabling the development of innovative and effective chemical products.