Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of certain antidepressants and psychoactive compounds. Its structure, featuring a methoxy group and partially saturated ring, supports the development of serotonin receptor modulators by enhancing lipophilicity and blood-brain barrier penetration. Also employed in research settings for creating novel organic molecules with potential biological activity. Limited use in fragrances and specialty chemicals due to its aromatic characteristics.