Used as an intermediate in the synthesis of agrochemicals and pharmaceuticals, particularly in the development of herbicides and fungicides. It serves as a building block in organic reactions due to the reactivity of the aromatic ring and the electron-donating methoxy group. Also employed in fragrance formulations for its mild, sweet, floral-woody odor, making it valuable in the perfume industry. Its derivatives are explored in materials science for designing liquid crystals and functionalized aromatic compounds.