This chemical is primarily used as an intermediate in the synthesis of various organic compounds, particularly in the production of dyes and pigments. Its structure allows it to act as a building block for creating complex molecules with specific color properties, making it valuable in the textile and printing industries. Additionally, it finds application in the development of certain pharmaceuticals, where it serves as a precursor in the synthesis of active pharmaceutical ingredients (APIs). Its methoxyethoxy group enhances solubility and reactivity, making it suitable for use in specialized chemical reactions. Furthermore, it is sometimes employed in research and development for creating novel materials with potential applications in electronics or coatings.