Used as an intermediate in the synthesis of pharmaceuticals and fine chemicals, particularly in the development of bioactive molecules and drug candidates. Its aldehyde and ether functional groups allow for further chemical modifications, making it valuable in constructing complex organic structures. Commonly employed in cross-coupling reactions and as a building block in medicinal chemistry for creating potential anti-inflammatory or anticancer agents. Also utilized in the preparation of liquid crystals and other specialty materials due to its rigid aromatic framework and functional versatility.