Used primarily as an intermediate in organic synthesis, this compound serves in the development of pharmaceuticals, particularly in the preparation of bioactive molecules with potential anti-inflammatory and neuroprotective properties. Its functional groups—hydroxyl and methoxy—allow for easy modification, enabling the construction of more complex structures in drug discovery. It is also employed in the synthesis of selective phosphodiesterase inhibitors, which are relevant in treating respiratory and neurological disorders. Additionally, its aromatic and aliphatic features make it useful in designing ligands for receptor binding studies.