Used in organic synthesis as an intermediate for pharmaceuticals and natural product analogs. Shows potential in the development of bioactive compounds due to the presence of multiple functional groups, including hydroxyl and methoxy groups, which can participate in further chemical transformations. Commonly employed in the preparation of lignan derivatives and other polyphenolic structures with antioxidant properties. Also utilized in structure-activity relationship (SAR) studies for drug design, particularly in compounds targeting neurological and inflammatory pathways.