Used as a flavoring agent in food and beverages due to its sweet, fruity, and slightly spicy aroma. Commonly found in vanilla-flavored products where it enhances creaminess and depth of flavor. Also utilized in fragrance formulations for cosmetics and soaps, providing a warm, balsamic note. Acts as an intermediate in the synthesis of certain pharmaceuticals and fine chemicals. Its phenolic structure contributes to antioxidant properties, making it of interest in cosmetic formulations aimed at skin protection.