Used in organic synthesis as an intermediate for pharmaceuticals and bioactive compounds. Its hydroxyl and methoxymethyl groups allow functionalization for building complex molecules. Commonly employed in the development of antioxidants and polyphenol analogs due to structural similarity to natural phenolic compounds. Also explored in the synthesis of fluorescent probes and sensors, where the diol moiety aids in metal ion coordination. Shows potential in medicinal chemistry for designing enzyme inhibitors, particularly targeting kinases and oxidoreductases.