This chemical is primarily used in organic synthesis as an intermediate for the production of more complex compounds. It is often employed in the pharmaceutical industry for the development of active pharmaceutical ingredients (APIs), particularly in the synthesis of certain drugs that require specific aromatic and methoxy-substituted structures. Additionally, it finds application in the field of agrochemicals, where it is utilized in the creation of pesticides or herbicides that target specific plant enzymes or pathways. Its unique structure also makes it valuable in research settings for studying chemical reactions and developing new synthetic methodologies.