Used in organic synthesis as a building block for more complex molecules, it plays a role in the development of pharmaceuticals, particularly in the creation of compounds with potential therapeutic effects. Its methoxy and carboxylic acid groups make it a versatile intermediate in medicinal chemistry, often utilized in the synthesis of drugs targeting neurological and inflammatory conditions. Additionally, it serves as a precursor in the production of agrochemicals, contributing to the development of pesticides or herbicides. Its applications extend to research settings, where it aids in the study of biochemical pathways and the design of novel chemical entities.