Used in organic synthesis as an intermediate for the production of various pharmaceuticals and fine chemicals. It is particularly valuable in the development of compounds with potential therapeutic properties, such as anti-inflammatory or antioxidant agents. The presence of methoxy and phenoxy groups in its structure allows it to participate in diverse chemical reactions, making it a versatile building block in medicinal chemistry. Additionally, it may be employed in the synthesis of complex molecules for research purposes, aiding in the discovery of new drugs or bioactive compounds.