Used as an intermediate in organic synthesis, particularly in the production of dyes and fragrances. It serves as a building block in the creation of more complex aromatic compounds due to its stable naphthalene ring and ether linkage. Its lipophilic nature makes it suitable for use in certain specialty solvents and as a component in flavor and perfume formulations where persistent, mild aromatic characteristics are desired. Also investigated for use in electro-optical materials and organic semiconductors due to its electron-donating properties and structural rigidity.