This compound is primarily used in the synthesis of organic materials, particularly in the production of fragrances and flavoring agents due to its aromatic properties. It serves as an intermediate in the manufacturing of various chemical products, including polymers and resins, where it contributes to enhancing durability and stability. Additionally, it is utilized in research and development for creating new compounds with potential applications in pharmaceuticals, leveraging its structural properties for drug design and synthesis. Its role in organic synthesis also extends to the development of specialty chemicals used in industrial processes.