Used primarily as an intermediate in organic synthesis, this compound serves in the preparation of pharmaceuticals and fine chemicals. Its reactive ester group and allyl functionality make it suitable for cross-coupling reactions and polymer modifications. It is also employed in the development of specialty monomers and can act as a building block in the creation of biodegradable polymers. Due to its lability under mild conditions, it finds use in prodrug designs where controlled release of active phenolic compounds is required. Additionally, it has been explored in fragrance chemistry for its ability to release phenolic aroma components gradually.