Used as an intermediate in organic synthesis, particularly in the preparation of fragrances and flavor compounds. Its aromatic-alcohol structure makes it suitable for esterification reactions, yielding compounds with floral or fruity notes used in perfumery. Also employed in the synthesis of pharmaceuticals and agrochemicals due to its ability to serve as a building block for more complex molecules. Its reactivity and solubility profile support use in solvent-based systems and as a modifier in specialty chemical formulations.