This compound is primarily utilized in organic synthesis as an intermediate for the production of various pharmaceuticals and fine chemicals. Its structure, featuring both amino and methoxy functional groups, makes it valuable in the development of complex molecules, particularly in the synthesis of bioactive compounds. It is often employed in the creation of ligands for metal-catalyzed reactions, which are crucial in drug discovery and material science. Additionally, it can be used in the preparation of dyes and pigments due to its aromatic properties. Its versatility in chemical transformations makes it a key building block in research and industrial applications.