Used as an intermediate in the synthesis of various pharmaceuticals, particularly in the development of drugs targeting the central nervous system. It plays a role in the production of compounds with potential antidepressant or antipsychotic properties. Additionally, it is utilized in organic chemistry research for the preparation of complex molecules, often serving as a building block in multi-step synthesis processes. Its methoxy groups make it a valuable reagent in modifying chemical structures to achieve desired reactivity or solubility.