This compound is primarily utilized in organic synthesis as an intermediate for the production of more complex chemical structures. It is often employed in the development of pharmaceuticals, particularly in the synthesis of active pharmaceutical ingredients (APIs) that target specific biological pathways. Its structure, featuring a benzyloxy group and an ester functional group, makes it a versatile building block for constructing molecules with potential therapeutic properties. Additionally, it may be used in the research and development of new drugs. Its application extends to the field of medicinal chemistry, where it aids in the discovery and optimization of drug candidates.