Used primarily as an intermediate in the synthesis of pharmaceuticals and fine chemicals, this compound serves as a building block in the development of active pharmaceutical ingredients due to its functionalized phenolic structure. Its tertiary butyl groups provide steric hindrance, enhancing stability in reactive environments, while the dimethylaminomethyl group offers a site for further chemical modification. It is also employed in the preparation of specialty resins and stabilizers, where its structure contributes to thermal and oxidative resistance. Additionally, it finds use in research settings for designing catalysts or ligands in organic transformations.