This chemical is primarily used as an intermediate in organic synthesis, particularly in the production of pharmaceuticals and fine chemicals. It serves as a key building block in the creation of complex molecules due to its reactive functional groups. Additionally, it finds application in the development of fragrances and flavoring agents, where its structure contributes to the desired aromatic properties. In research, it is utilized in studies involving chemical reactions and the development of new synthetic pathways. Its versatility makes it valuable in various industrial and laboratory settings.