Used as an intermediate in organic synthesis, particularly in the production of pharmaceuticals and fine chemicals. It serves in the development of fragrances and flavoring agents due to its phenolic structure and alkoxy chain, which contribute to aroma modulation. Also employed in the preparation of specialty polymers and antioxidants, where the propoxy group enhances solubility and stability. Its reactivity allows for easy functionalization in multi-step synthesis of active ingredients in agrochemicals and medicinal compounds.