Used primarily as an intermediate in the synthesis of pharmaceuticals and fine chemicals. Its functional groups allow for further chemical modifications, making it valuable in the development of active pharmaceutical ingredients (APIs). Commonly employed in the preparation of fragrances and flavoring agents due to its aromatic characteristics. Also utilized in the production of liquid crystals and organic semiconductors, where its structure contributes to electron-donating properties. Serves as a building block in agrochemical formulations for enhancing molecular complexity in herbicides and insecticides.