Used as an intermediate in organic synthesis, particularly in the production of fragrances and flavoring agents due to its aromatic character. It serves as a building block in the preparation of more complex molecules for perfumery, where it contributes floral and sweet notes. Also employed in the synthesis of pharmaceuticals and agrochemicals, where the hydroxyl group allows for further functionalization. Its structural features make it suitable for use in the development of liquid crystalline materials and specialty polymers.