Used in pharmaceutical research as a key intermediate in the synthesis of bioactive compounds, particularly those targeting central nervous system disorders. Its structural features make it suitable for modifying receptor binding properties in drug candidates. Also explored in the development of novel antioxidants due to the presence of methoxyphenol moiety, which can contribute to free radical scavenging activity. Additionally, it serves as a building block in the design of selective enzyme inhibitors, especially in studies related to metabolic and neurodegenerative diseases.