What are the main uses of 1-(4-Hydroxy-3-methoxyphenyl)ethanone (CAS: 498-02-2)?

1-(4-Hydroxy-3-methoxyphenyl)ethanone is primarily used in pharmaceutical research for the development of drugs, particularly in the synthesis of flavonoid derivatives and other bioactive compounds. It also finds applications in organic chemistry as a building block for complex molecules and in the production of certain industrial chemicals and food additives.