Used primarily as a key intermediate in organic synthesis, this compound plays a significant role in the production of pharmaceuticals, agrochemicals, and fine chemicals. It is particularly valuable in the synthesis of complex molecules due to its reactivity as an acylating agent, enabling the introduction of the 2,4-dimethoxybenzoyl group into target compounds. In pharmaceutical research, it is utilized to develop potential drug candidates, especially in the creation of compounds with specific biological activities. Additionally, it finds application in the preparation of dyes and pigments, where its structural properties contribute to the desired color and stability of the final product. Its use in polymer chemistry is also notable, aiding in the modification of polymers to achieve specific functional properties.