It is commonly used as an intermediate in organic synthesis, particularly in the production of pharmaceuticals, agrochemicals, and specialty chemicals. Its structure makes it valuable for creating complex molecules in research and industrial applications. Additionally, it serves as a starting material in the synthesis of fragrances and flavors due to its aromatic properties. In material science, it is utilized in the development of polymers and coatings, where its chemical stability and reactivity play a key role. Its applications also extend to the field of analytical chemistry, where it is used as a reference compound in various chromatographic and spectroscopic techniques.