Used as an intermediate in organic synthesis, particularly in the production of pharmaceuticals and agrochemicals. It serves as a building block for the preparation of more complex molecules due to the reactivity of the phenolic hydroxyl group and the methoxymethyl ether functionality. Commonly employed in the synthesis of fragrances, antioxidants, and UV stabilizers. Also utilized in the development of resins and polymers where controlled reactivity and solubility are required. Its ability to undergo electrophilic substitution and deprotection makes it valuable in multi-step synthetic routes.