It is primarily used as an intermediate in the synthesis of various organic compounds, particularly in the production of fragrances and flavors due to its aromatic properties. In the pharmaceutical industry, it serves as a building block for the development of certain drugs and active pharmaceutical ingredients (APIs). Additionally, it finds application in the manufacture of liquid crystals and other advanced materials, where its structural characteristics contribute to desired properties. Its role in chemical research includes being a reagent or precursor in organic synthesis, aiding in the creation of complex molecules.