Used as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and fine chemicals. Its functional groups make it suitable for derivatization in the development of active pharmaceutical ingredients (APIs). Commonly employed in the synthesis of alkaloids and other biologically active compounds due to the reactivity of the alcohol and ether functionalities. Also utilized in fragrance chemistry, where it contributes to the creation of complex aromatic molecules. Its methoxy-substituted aromatic ring provides stability and influences electronic properties in synthetic pathways.