Used as an intermediate in the synthesis of pharmaceuticals, dyes, and fragrances. It serves in the preparation of local anesthetics and anti-inflammatory agents due to its structural properties. Also employed in the production of agrochemicals and as a building block in organic synthesis for introducing methoxy-substituted aromatic systems. Its derivatives are found in some antimicrobial and antifungal compounds. Additionally, it can act as a ligand in coordination chemistry for metal-organic frameworks.