Used as an intermediate in organic synthesis, particularly in the preparation of bioactive molecules and natural product analogs. Its structure allows for selective functionalization, making it valuable in pharmaceutical research for developing compounds with potential antimicrobial, anti-inflammatory, or antioxidant properties. The allyl and benzyloxy groups enable further transformations such as cross-coupling reactions, cyclizations, and deprotection strategies, which are useful in constructing complex aromatic frameworks. Also employed in fragrance chemistry due to structural similarity to eugenol derivatives, contributing to flavor and scent design in specialty chemicals.