味 appears in many compounds: 味道 (taste/flavor), 气味 (smell/odor), 趣味 (interest/fun), 意味 (meaning/significance). As a suffix it creates flavors: 酸味 (sour), 甜味 (sweet).
grammar
味 is also a measure word for Chinese medicine prescriptions: 一味药 (one ingredient of herbal medicine).