This chemical is primarily used in organic synthesis as an intermediate for the production of various pharmaceuticals and fine chemicals. It serves as a key building block in the synthesis of compounds with potential therapeutic applications. Additionally, it is utilized in the development of fragrances and flavoring agents due to its aromatic properties. In industrial settings, it may also be employed in the manufacture of polymers and resins, where its structural characteristics contribute to the desired properties of the final product. Its role in research and development further extends to the creation of novel materials and chemical entities.