Used as an intermediate in organic synthesis, particularly in the production of pharmaceuticals and fine chemicals. It serves as a building block in the preparation of active pharmaceutical ingredients due to the presence of the methoxyphenyl and ester functionalities, which can undergo further transformations. Commonly employed in the synthesis of analgesics and anti-inflammatory agents. Also utilized in fragrance formulations for its pleasant, mild floral-fruit aroma, making it suitable for perfumes, soaps, and cosmetic products. Its stability and solubility characteristics make it a useful solvent or carrier in certain specialty applications.