This compound is primarily utilized in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various bioactive molecules, particularly those targeting neurological and cardiovascular disorders. Its structural features make it suitable for constructing complex heterocyclic compounds, which are often explored for their potential therapeutic properties. Additionally, it is employed in the study of enzyme inhibition and receptor modulation, contributing to the discovery of new drug candidates. Its dimethoxy and carboxylic acid groups enhance its versatility in chemical reactions, allowing for further functionalization and optimization in medicinal chemistry applications.