Used as an intermediate in the synthesis of pharmaceuticals and natural products, particularly in the development of lignans and other bioactive compounds. It serves as a building block in organic synthesis due to the presence of multiple functional groups that allow for selective reactions. Commonly employed in the preparation of flavoring agents and fragrances, especially those mimicking vanilla or smoky notes. Also utilized in research settings for studying antioxidant properties and polyphenolic compound behavior. Its structural features make it valuable in the design of compounds with potential anti-inflammatory and anticancer activities.