Used as an intermediate in the synthesis of various organic compounds, particularly in the production of specialty chemicals and pharmaceuticals. It plays a role in the preparation of polymers and resins, where its reactivity allows for the creation of tailored materials with specific properties. Additionally, it is utilized in the development of flavor and fragrance ingredients, contributing to the formulation of complex aromatic profiles. Its application in organic synthesis often involves reactions that introduce functional groups or modify molecular structures to achieve desired chemical outcomes.