Catalyzes the synthesis of the phenylpropene eugenol from coniferyl acetate (PubMed:16782809, PubMed:17912370). Phenylpropenes are produced by plants as defense compounds with antimicrobial and antianimal properties, or as floral attractants of pollinators (PubMed:16782809). Eugenol is a characteristic aromatic constituent of spices (PubMed:16782809). acetate + eugenol + NADP(+) = (E)-coniferyl acetate + NADPH a carboxylate + eugenol + NADP(+) = a coniferyl ester + NADPH Inhibited by zinc and copper ions (PubMed:16782809). Repressed by 4-bromo-cinnamyl acetate (PubMed:16782809). Desactivated by the competitive inhibitor EMDF ((7S,8S)-ethyl(7,8-methylene)-dihydroferulate) (PubMed:17912370). Optimum pH is 6.5. Aromatic compound metabolism; phenylpropanoid biosynthesis. Homodimer. Trichome glands. Belongs to the NmrA-type oxidoreductase family.