Used in the synthesis of pharmaceuticals and fine chemicals, particularly as an intermediate in the production of vasodilator drugs and other cardiovascular medications. It serves as a building block in organic synthesis due to the presence of aldehyde and methoxy groups, which allow for various functional group transformations. Commonly employed in the preparation of flavor and fragrance compounds, especially in creating smoky and meaty aroma notes in food flavorings. Also utilized in research settings for the development of novel bioactive molecules and in the manufacture of agrochemicals. Its structural features make it valuable in cross-coupling reactions and in the formation of heterocyclic compounds.