Used primarily in the synthesis of dyes and pigments, it serves as an intermediate in producing colorants for textiles, inks, and coatings. Its structure allows it to participate in reactions that form complex organic compounds, making it valuable in the chemical industry. Additionally, it is employed in the development of pharmaceuticals, where it acts as a building block for creating active ingredients. Its methoxymethyl group enhances reactivity, enabling efficient modifications in organic synthesis. The compound also finds use in research laboratories for studying chemical reactions and developing new materials.