Used as an intermediate in the synthesis of flavoring agents and fragrances due to its phenolic and carboxylic functional groups. Its structure supports derivatization into esters that exhibit smoky, spicy, or woody aroma notes, making it valuable in the perfume industry. Also employed in the preparation of UV stabilizers and antioxidants for polymers, where the hydroxyl group contributes to radical scavenging activity. Additionally, it serves as a building block in pharmaceuticals, particularly in compounds targeting anti-inflammatory and antimicrobial properties. Its methyl and hydroxyl substitution pattern enhances lipophilicity and bioavailability in drug design.