This compound is primarily utilized in the synthesis of complex organic molecules, particularly in pharmaceutical research. It serves as a key intermediate in the development of drugs targeting various diseases, including inflammatory conditions and cancers. Its structure, featuring benzyloxy and isopropyl groups, makes it valuable for modifying the pharmacokinetic properties of potential drug candidates. Additionally, it is employed in material science for creating specialized polymers and coatings with enhanced stability and performance. Its role in organic synthesis also extends to the production of fine chemicals and agrochemicals, where precise molecular modifications are crucial.