Used as an intermediate in the synthesis of pharmaceuticals and fine chemicals, particularly in the preparation of fragrances and flavoring agents due to its aromatic character. It serves as a building block in organic synthesis, especially in the development of protected alcohols and benzyl ether derivatives. Its methoxy-substituted aromatic ring makes it valuable in the creation of liquid crystal materials and agrochemicals. Also employed in research settings for the development of new synthetic pathways and as a derivatizing agent in analytical chemistry.