Used in the synthesis of specialty polymers and resins due to its phenolic structure and hydroxyl functionality, enabling cross-linking and improved thermal stability. Acts as an intermediate in the production of antioxidants for plastics and lubricants, enhancing material longevity under oxidative conditions. Also employed in fragrance formulations for fine chemicals, where its aliphatic hydroxyl and aromatic components contribute to mild, sweet, balsamic odor notes. Shows potential in pharmaceutical research as a building block for bioactive molecules, particularly those targeting central nervous system disorders.