Used as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and fine chemicals. Its ester and ether functional groups make it suitable for use in condensation reactions and as a building block in the development of more complex aromatic compounds. Commonly employed in research settings for the modification of benzene derivatives, especially in the design of compounds with potential biological activity. Also utilized in fragrance synthesis due to the aromatic character and stability imparted by the diethoxy substitution pattern.