Used as an intermediate in the synthesis of pharmaceuticals and fine chemicals, particularly in the development of anti-inflammatory and analgesic agents. It serves as a building block in organic reactions, including condensation and reduction processes, to form more complex aromatic compounds. Also employed in the fragrance industry due to its aromatic characteristics, contributing to the creation of floral and sweet scent profiles in perfumes and cosmetic products. Its structural properties make it valuable in the preparation of liquid crystals and functional materials in advanced organic synthesis.