Used as an intermediate in organic synthesis, particularly in the preparation of fragrances and pharmaceuticals. It serves as a building block in the creation of more complex aromatic compounds due to its stable ether linkage and reactive benzyl group. Also employed as a solvent or reagent in research settings for studying ether cleavage reactions and catalytic hydrogenolysis. Its aromatic character makes it useful in flavor and fragrance development, where it contributes balsamic or floral notes.