Used as an intermediate in organic synthesis, particularly in the production of pharmaceuticals and agrochemicals. It serves as a building block in the preparation of more complex molecules due to the presence of both phenolic and ether functional groups. Commonly employed in the synthesis of fragrances and flavoring agents because of its aromatic character and reactivity. Also utilized in the development of photoresists and other specialty chemicals in the electronics industry. Its ability to undergo electrophilic substitution and O-alkylation makes it valuable in laboratory and industrial-scale reactions.