This chemical is primarily utilized in the synthesis of various organic compounds, particularly in the development of dyes and pigments. Its structure makes it a valuable intermediate in creating colorants for textiles, inks, and coatings. Additionally, it finds application in the pharmaceutical industry, where it serves as a building block for the production of certain drugs, especially those targeting neurological and psychiatric conditions. Its methoxy and amine groups contribute to its reactivity, enabling it to participate in complex chemical reactions essential for drug development. Furthermore, it is sometimes employed in research settings for studying reaction mechanisms and developing new synthetic methodologies.