Widely used as an intermediate in the synthesis of pharmaceuticals, particularly in the production of beta-blockers, which are essential for treating cardiovascular conditions like hypertension and arrhythmias. It also finds application in the development of agrochemicals, contributing to the formulation of herbicides and pesticides. In the field of organic chemistry, it serves as a versatile building block for creating complex molecules due to its reactive methoxy and hydroxyl groups. Additionally, it is utilized in the manufacture of specialty chemicals, including surfactants and emulsifiers, which are critical in industrial and cosmetic products. Its properties make it valuable in research and development for creating innovative compounds with specific functional characteristics.