This chemical is primarily utilized in organic synthesis as a versatile building block for constructing complex molecular structures. It serves as a key intermediate in the preparation of various organic compounds, particularly in the development of pharmaceuticals and agrochemicals. Its unique structure allows it to participate in reactions that form carbon-carbon and carbon-heteroatom bonds, making it valuable in the synthesis of active pharmaceutical ingredients (APIs) and other fine chemicals. Additionally, it is employed in materials science for the creation of advanced polymers and coatings, where its aromatic and methoxy groups contribute to desired properties such as stability and reactivity.