Used primarily as a chemical intermediate in organic synthesis, especially in the production of pharmaceuticals and agrochemicals. Its ester structure and phenoxy group make it suitable for use in the development of herbicides and plant growth regulators. It also serves as a building block in the preparation of more complex esters and ethers for specialty polymers and fine chemicals. Due to its stability and reactivity profile, it is employed in research laboratories for synthesizing bioactive molecules and in the formulation of certain fragrance components.