Used as a key intermediate in the synthesis of pharmaceuticals. It serves as a building block for ester and amide formation due to its carboxylic acid functionality, enabling the development of prodrugs with improved bioavailability. Also employed in agrochemicals for the formulation of plant growth regulators and herbicides, where its ether and acetic acid moieties contribute to stability and targeted activity. Its methoxyphenyl group enhances lipophilicity, aiding membrane permeability in drug design.