Used primarily in organic synthesis, this compound serves as a key intermediate in the production of pharmaceuticals and agrochemicals. Its structure is valuable for constructing complex molecules, particularly in the development of active pharmaceutical ingredients (APIs) for therapeutic drugs. Additionally, it finds application in material science, where it contributes to the synthesis of advanced polymers and coatings with specific functional properties. Its methoxy and carboxylic acid groups make it versatile for further chemical modifications, enabling the creation of tailored compounds for various industrial and research purposes.