This chemical is primarily used in organic synthesis, particularly in the production of fragrances and flavoring agents. Its structure allows it to act as an intermediate in the creation of aromatic compounds, which are essential in the perfume and food industries. Additionally, it can be utilized in the development of pharmaceuticals, where it serves as a building block for more complex molecules. Its properties also make it suitable for research purposes in chemical studies, especially in exploring reactions involving alcohol and aromatic groups.