Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals. It serves in the production of antioxidants and stabilizers for polymers and resins due to its phenolic structure, which imparts resistance to oxidation. Also employed in the development of fragrances and flavoring agents, where its substituted phenol core contributes to aromatic stability. Its hydroxyl and methyl groups allow for easy functionalization in organic reactions, making it valuable in fine chemical manufacturing.