Used as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and agrochemicals. Its aromatic ester structure makes it valuable in fragrance formulations, contributing to fruity or floral notes in perfumes and flavorings. It also serves as a building block in the synthesis of more complex molecules, including liquid crystals and functional materials. Due to its stability and reactivity profile, it is employed in cross-coupling reactions and other transformations in research and industrial settings.