Used as a key intermediate in the synthesis of herbicides, particularly in the production of aryloxyphenoxypropionate class compounds that target grass weeds in broadleaf crops. Its structure enables effective binding to plant enzyme systems, disrupting fatty acid biosynthesis in susceptible species. Also employed in the development of agrochemicals due to its stability and reactivity in esterification and coupling reactions. Shows utility in creating prodrugs and biologically active molecules in crop protection chemistry.