Used as an intermediate in the synthesis of pharmaceuticals and fine chemicals. Its structure allows for further functionalization, making it valuable in creating active ingredients in drug development. Commonly employed in the preparation of analgesics and anti-inflammatory agents due to the aromatic ring and sterically hindered primary alcohol features that enhance biological activity. Also utilized in the production of agrochemicals and specialty polymers where steric hindrance and stability are required. Can serve as a niche solvent in reactions requiring specific polarity and steric environments.