(4-Methylnaphthalen-1-yl)methanol is primarily used in organic synthesis as an intermediate for the production of more complex chemical compounds. It serves as a building block in the development of pharmaceuticals, particularly in the synthesis of drugs targeting specific biological pathways. Additionally, it is utilized in the creation of dyes and pigments, contributing to the vibrant colors in various industrial applications. The compound is also explored in material science for the development of advanced polymers and coatings, enhancing durability and performance. Its role in research and development is significant, particularly in the study of naphthalene derivatives and their potential applications in diverse fields.