Used as an intermediate in the synthesis of fragrances and flavoring agents due to its phenolic ether structure, which contributes to aromatic stability and scent modulation. Also employed in the production of certain pharmaceuticals where alkoxy phenol derivatives are required for active compound formulation. Its solubility characteristics make it suitable as a solvent or coupling agent in organic reactions, particularly in fine chemical manufacturing. Additionally, it finds use in the development of antioxidants and stabilizers in specialty polymers and resins.