2-(4-Benzoylphenoxy)acetic acid is primarily used in organic synthesis and as an intermediate in the production of various chemical compounds. It plays a significant role in the development of pharmaceuticals, particularly in the synthesis of active pharmaceutical ingredients (APIs) that target specific biological pathways. Additionally, it is utilized in the creation of specialty chemicals, including those used in the formulation of agrochemicals for crop protection. Its benzoylphenoxy structure makes it valuable in research and development for designing molecules with potential therapeutic or agricultural applications.