Used in the synthesis of fragrances and flavoring agents due to its ability to stabilize and enhance aromatic compounds. It serves as an intermediate in the production of pharmaceuticals, particularly in the development of anti-inflammatory and analgesic drugs. Also employed in the preparation of specialty polymers and agrochemicals where a lipophilic aromatic moiety is required. Its bulky tert-butyl group contributes to steric effects that can influence reaction pathways and product stability in organic synthesis.