Used in organic synthesis as an intermediate for pharmaceuticals and fine chemicals. Serves as a building block in the preparation of bioactive molecules, particularly in the development of compounds with antioxidant and anti-inflammatory properties. Commonly employed in the synthesis of natural product analogs and lignin-related compounds. Its protected phenolic functionality allows selective reactions in multi-step synthetic routes. Also utilized in the fragrance industry due to its structural similarity to vanilloid compounds, contributing to aroma modulation in specialty perfumes.