This chemical is primarily used as an intermediate in the synthesis of various dyes and pigments, particularly in the production of azo dyes, which are widely employed in the textile industry for coloring fabrics. Its structure allows it to act as a coupling agent, facilitating the formation of complex dye molecules that exhibit strong color fastness and stability. Additionally, it finds application in the pharmaceutical industry, where it serves as a building block in the synthesis of certain active pharmaceutical ingredients (APIs). Its methoxy and ethyl groups contribute to its reactivity, making it a valuable component in organic synthesis for creating specialized chemical compounds.