Used in the synthesis of pharmaceuticals, particularly in the development of drugs targeting neurological disorders due to its structural properties that allow interaction with specific enzymes and receptors. It serves as an intermediate in the production of agrochemicals, including herbicides and pesticides, where its nitrile group is essential for creating active compounds that inhibit weed growth or pest activity. Additionally, it is employed in organic synthesis for the preparation of fine chemicals and specialty materials, such as dyes and polymers, where its methoxy and hydroxy groups facilitate specific chemical reactions. Its role in research and development is significant, particularly in studies involving molecular modification to enhance the efficacy of various chemical agents.