Used in organic synthesis as an intermediate for pharmaceuticals and fine chemicals. Its structure allows for functional group modifications, making it valuable in constructing complex molecules. Commonly employed in the development of active pharmaceutical ingredients (APIs), especially in the formation of ketone and ester-containing compounds. Also utilized in the preparation of fragrances and specialty esters due to its aromatic and ester functionalities. Suitable for research in condensation reactions and as a building block in heterocyclic synthesis.