Used as an intermediate in organic synthesis, particularly in the production of pharmaceuticals and fine chemicals. Its ester and ketone functional groups allow for versatile chemical transformations, such as reduction, alkylation, and condensation reactions. Commonly employed in the development of active pharmaceutical ingredients (APIs) where a substituted aromatic ester with a flexible side chain is required. Also utilized in the synthesis of fragrances and specialty polymers due to its reactivity and structural features.