Used as an intermediate in the synthesis of pharmaceuticals, particularly in the production of estrogen receptor modulators and other hormone-related drugs. It also serves in the development of agrochemicals, including certain fungicides and plant growth regulators. Its aromatic structure makes it valuable in organic synthesis for building more complex molecules. Additionally, it finds use in the fragrance industry due to its phenolic and aromatic characteristics, contributing to the stability and scent profile of perfumes and cosmetics.