Used as a key intermediate in the synthesis of herbicides, particularly in the production of aryloxyphenoxypropionate class herbicides. It plays a role in controlling grass weeds in broadleaf crops. The compound's structure allows for effective binding to plant enzyme systems, such as acetyl-CoA carboxylase (ACCase), disrupting lipid synthesis and weed growth while showing selectivity toward certain crops. Its potassium salt form improves water solubility, aiding in formulation stability and bioavailability in agricultural applications.