Used in the synthesis of pharmaceutical intermediates, particularly in the production of non-steroidal anti-inflammatory drugs (NSAIDs). It serves as a building block in organic synthesis. Also employed in the fragrance industry as a starting material for creating gentle, floral-like scents, especially lily or gardenia notes, contributing to long-lasting aromatic compositions. It helps enhance the longevity of fragrances in perfumes, cosmetics, and soaps due to its stable alcohol structure. Additionally, used as an intermediate in synthesizing other chemicals requiring stable aromatic structures with specific properties. Its ether-alcohol functionality makes it suitable as a solvent or coupling agent in specialty organic reactions.