This compound is primarily utilized in the synthesis of various organic molecules, particularly in the production of flavoring agents and fragrances. Its structure, featuring both hydroxyl and methoxy groups, makes it a valuable intermediate in creating compounds with pleasant aromas, often used in perfumes and food additives. Additionally, it serves as a precursor in the development of certain pharmaceuticals, where its phenolic properties are leveraged for antioxidant and anti-inflammatory effects. In research, it is employed in studies related to polyphenol chemistry, contributing to advancements in understanding natural product synthesis and their biological activities.