Used as an intermediate in the synthesis of pharmaceuticals, particularly in the production of vasodilator drugs and certain alkaloids. It plays a role in organic synthesis where the acetal group acts as a protecting group for aldehydes, enabling selective reactions in multi-step syntheses. Its structure allows for modification into bioactive molecules, especially in the development of cardiovascular and central nervous system agents. Also utilized in the preparation of fragrances and flavoring agents due to its aromatic stability and reactivity.