Used as an intermediate in the synthesis of agrochemicals and pharmaceuticals. It serves in the production of certain pesticides and plant growth regulators due to its phenolic structure, which can mimic natural signaling molecules in plants. Also utilized in the development of antioxidants and stabilizers for industrial applications, particularly in polymers and lubricants, where it helps prevent degradation from oxidation. Its derivatives may be found in fragrances and flavoring agents owing to aromatic characteristics.