This compound is primarily utilized in organic synthesis as an intermediate for the production of various pharmaceuticals and fine chemicals. It serves as a key building block in the synthesis of complex molecules, particularly in the development of drugs targeting neurological and inflammatory conditions. Its structure, featuring both benzyloxy and methoxy functional groups, makes it versatile for further chemical modifications, enabling the creation of compounds with potential therapeutic properties. Additionally, it is employed in research settings to study reaction mechanisms and optimize synthetic pathways for bioactive molecules.