Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of drugs targeting neurological and cardiovascular conditions. Its phenolic structure allows for easy functionalization, making it valuable in creating antioxidants and bioactive molecules. It also serves in polymer chemistry, contributing to the development of specialty resins and functional materials with enhanced thermal and oxidative stability. Additionally, it finds use in research for developing novel compounds with potential antimicrobial and anti-inflammatory properties.