Used primarily as an intermediate in the synthesis of fragrances and flavoring agents due to its stable aromatic structure and alcohol functionality. Its bulky hydrophobic groups make it suitable for creating long-lasting scent profiles in perfumery. Also employed in the production of UV stabilizers and antioxidants for polymers, where it helps protect materials from degradation caused by light and oxidation. Additionally, it serves as a building block in organic synthesis for pharmaceuticals and agrochemicals, leveraging its steric hindrance to direct reaction pathways selectively.