This compound finds applications in organic synthesis, particularly as an intermediate in the production of more complex molecules. Its structure, featuring both a methoxybenzyl group and a hydroxyl group, makes it useful in the development of pharmaceuticals, where it can serve as a building block for active ingredients. Additionally, it is employed in the synthesis of specialty chemicals, including fragrances and flavors, due to its aromatic and functional properties. Its versatility in chemical reactions, such as etherification and protection of hydroxyl groups, further enhances its utility in research and industrial processes.