Primarily used in the synthesis of pharmaceuticals, it serves as a key intermediate in the production of various drugs, particularly those targeting cardiovascular and central nervous system disorders. Its methoxy groups enhance its reactivity, making it valuable in organic synthesis for creating complex molecules. Additionally, it is employed in the development of dyes and pigments, where its structure contributes to color stability and intensity. In research, it is utilized as a building block for constructing novel compounds with potential therapeutic or industrial applications. Its role in fine chemical manufacturing underscores its importance in advancing both medicinal and material sciences.