Used primarily as an intermediate in organic synthesis, it plays a key role in the production of various pharmaceuticals, agrochemicals, and dyes. It is employed in the manufacture of fragrances and flavoring agents due to its ability to introduce the 3-methylbenzyl group into target molecules. Additionally, it serves as a building block in the development of polymers and resins, enhancing their properties for industrial applications. Its reactivity with nucleophiles makes it valuable in creating complex organic compounds for research and commercial use.