Used as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and fine chemicals. It serves in the development of amine-based active ingredients due to its functional group arrangement, which supports the formation of more complex molecules. Commonly applied in research settings for designing compounds with central nervous system activity. Also utilized in the synthesis of fragrances and flavoring agents owing to its aromatic and ether characteristics. Its structure allows for easy modification, making it valuable in drug discovery and development processes.