Primarily used in organic synthesis, this compound serves as a key intermediate in the production of various chemicals, including fragrances and dyes. Its structure makes it valuable in creating complex molecules for the pharmaceutical industry, where it can be utilized in the synthesis of active pharmaceutical ingredients (APIs). Additionally, it finds application in the development of specialty chemicals used in agrochemicals, contributing to the formulation of pesticides and herbicides. Its stability and reactivity also make it suitable for use in research and development, particularly in the study of aromatic compounds and their derivatives.