Used as a building block in organic synthesis, particularly in the preparation of pharmaceuticals and agrochemicals. It serves as a structural component in the development of bioactive molecules due to its stability and aromatic character. Commonly found in the synthesis of natural product analogs and psychoactive substances, it also appears in research related to flavor and fragrance compounds. Its methylenedioxy ring enhances electron density in adjacent aromatic systems, making it valuable in medicinal chemistry for modulating metabolic stability and binding affinity.