Used primarily in the synthesis of vitamin K analogs and other pharmaceutical intermediates. It serves as a key building block in the production of naproxen, a nonsteroidal anti-inflammatory drug (NSAID). Also employed in the manufacture of dyes and pigments due to its aromatic structure and stability. Its methoxy group enhances reactivity in electrophilic substitution reactions, making it valuable in organic synthesis for creating more complex molecules. Additionally, it finds use in fragrance compounds for its mild, sweet odor profile.