Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of central nervous system agents and antidepressants. It serves as a building block in organic synthesis due to the reactive aldehyde group and the stable benzodioxane ring, which is commonly found in bioactive molecules. Also employed in the preparation of fragrances and flavoring agents because of its aromatic characteristics. Its structure is useful in the design of compounds with enhanced metabolic stability and receptor selectivity.