Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of certain cardiovascular and anti-inflammatory drugs. Its functional groups allow for selective modifications, making it valuable in constructing complex organic molecules. Also employed in the development of agrochemicals and fragrances due to its aromatic structure and reactivity. Commonly utilized in research settings for building blocks in organic synthesis, especially in reactions involving aldehyde group transformations or methoxy/hydroxy-directed substitutions.