Used as an intermediate in organic synthesis, particularly in the preparation of pharmaceutical compounds and bioactive molecules. Its structure allows for functionalization at multiple sites, making it valuable in constructing complex organic frameworks. Commonly employed in the development of anti-inflammatory agents and neuroprotective drugs due to its ability to mimic natural metabolites. Also utilized in the synthesis of fragrances and flavoring agents owing to its aromatic characteristics. Serves as a building block in medicinal chemistry for designing enzyme inhibitors and receptor ligands.