Used as an intermediate in organic synthesis, particularly in the development of pharmaceuticals and fine chemicals. Its structure allows for functionalization at multiple sites, making it valuable in constructing complex molecules. Commonly employed in the synthesis of bioactive compounds, including anti-inflammatory and central nervous system agents. Also utilized in the preparation of fragrances and flavoring agents due to its aromatic characteristics. Its reactivity supports use in cyclization and condensation reactions, aiding in the formation of heterocyclic compounds.