Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals. It serves in the production of antioxidants due to its phenolic structure, which can scavenge free radicals. Commonly employed in the development of fragrances and flavoring agents, particularly for creating smoky or spicy aroma notes. Also utilized in the manufacture of dyes and polymer stabilizers, where it helps prevent degradation from heat or UV exposure. Its derivatives are explored in medicinal chemistry for potential anti-inflammatory and antimicrobial activities.