Used primarily as an intermediate in organic synthesis, this compound serves in the preparation of pharmaceuticals and fine chemicals. Its epoxide ring is highly reactive, allowing ring-opening reactions with nucleophiles to form new carbon-oxygen or carbon-heteroatom bonds. It is especially valuable in the synthesis of chiral molecules due to its ability to undergo stereoselective transformations. Common applications include the development of active pharmaceutical ingredients (APIs) where substituted phenyl epoxides act as building blocks for beta-blockers or other bioactive compounds. It may also be used in agrochemical synthesis and in the production of specialty polymers requiring specific aromatic-epoxy functionality.