Used primarily as an intermediate in the synthesis of pharmaceuticals and fine chemicals. It plays a key role in the preparation of certain anti-inflammatory agents and cardiovascular drugs due to its ability to serve as a building block for more complex molecular structures. Its phenolic ether functionality makes it valuable in organic transformations, especially in reactions requiring selective etherification or esterification. Also employed in the development of agrochemicals, where it contributes to the creation of herbicides and plant growth regulators. Its moderate reactivity and stability under various reaction conditions enhance its utility in multi-step syntheses.