Used primarily as a chemical intermediate in organic synthesis, this compound serves in the production of fragrances and flavoring agents due to its aromatic and volatile nature. It can also function as a monomer or comonomer in specialized polymerization processes, contributing to the development of certain resins and plastics with unique thermal or chemical resistance properties. Additionally, it finds use in research settings for synthesizing more complex organic molecules, especially in the development of pharmaceuticals and agrochemicals where structural analogs are required.