Used as an intermediate in the synthesis of pharmaceuticals, particularly in the production of vasodilator drugs and other bioactive molecules. It serves as a building block in organic reactions due to the reactivity of the ketone group and the aromatic ring, enabling the formation of more complex structures. Also employed in the development of flavor and fragrance compounds, where it contributes a fruity or nutty aroma. Its derivatives are explored in agrochemical research for potential use in crop protection agents.