Used primarily as an intermediate in the synthesis of nonsteroidal anti-inflammatory drugs (NSAIDs), particularly in the production of profen-class medications. Its structure allows for efficient transformation into active pharmaceutical ingredients with analgesic and antipyretic properties. Commonly employed in fine chemical manufacturing for developing chiral molecules due to its ester functionality, which can undergo selective hydrolysis or reduction. Also utilized in fragrance formulations for its mild, sweet floral notes, making it suitable for perfumery and scented consumer products.