Used in the synthesis of pharmaceuticals and fine chemicals due to its functionalized aromatic structure. Its hydroxy and methoxy groups make it a suitable intermediate in the production of antioxidants and UV-absorbing compounds. Commonly employed in the development of natural product analogs and as a building block in organic synthesis, particularly in reactions requiring selective substitution on benzene rings. Also found in certain plant metabolite studies, where it serves as a reference compound or biosynthetic precursor.