Used in the fragrance and flavor industry as a key intermediate for synthesizing aroma compounds. Its phenolic ester structure contributes to sweet, floral, and fruity notes, making it valuable in perfumery for enhancing rose and honey-like scents. Also employed in the production of pharmaceuticals and agrochemicals due to its reactivity and ability to serve as a building block in organic synthesis. Shows moderate stability under typical storage and processing conditions, suitable for use in soaps, cosmetics, and fine fragrances.