Used as a key intermediate in the production of phenolic resins, which are widely employed in coatings, adhesives, and laminates due to their durability and heat resistance. It serves as a stabilizer and antioxidant in the manufacturing of rubber and plastics, enhancing their longevity and performance. In the agricultural sector, it acts as a precursor for certain pesticides and herbicides, contributing to crop protection. Additionally, it is utilized in the synthesis of fragrances and surfactants, playing a role in personal care and cleaning products. Its chemical properties make it valuable in industrial applications requiring high thermal and chemical stability.