This chemical is primarily used in the synthesis of various organic compounds, serving as an intermediate in the production of pharmaceuticals and specialty chemicals. Its structure allows it to act as a precursor in the creation of complex molecules, particularly in the development of drugs that target specific biological pathways. Additionally, it finds application in the formulation of fragrances and flavors due to its ability to impart unique aromatic properties. In industrial settings, it is utilized in the manufacturing of polymers and resins, where it contributes to the enhancement of material properties such as flexibility and durability. Its role in research and development is also notable, as it aids in the study of chemical reactions and the design of novel compounds.