Used in the synthesis of pharmaceutical intermediates, particularly in the development of bioactive compounds with potential antipsychotic or antidepressant activity. Also employed as a building block in agrochemicals for creating novel pesticides and herbicides. Its aromatic structure makes it suitable for use in organic electronics, such as organic semiconductors and sensors. Additionally, it serves as a ligand in catalytic reactions, enhancing selectivity in asymmetric synthesis. In the fragrance and cosmetics industry, it acts as a scent additive with a mild nutty or roasted aroma, adding depth and complexity to perfume formulations, especially in roasted, woody, or food-oriented scents.