This compound is primarily utilized in organic synthesis as an intermediate for the production of more complex chemical structures. It is often employed in the synthesis of pharmaceuticals, where its unique structure allows for the creation of active pharmaceutical ingredients (APIs) with specific therapeutic properties. Additionally, it finds application in material science, particularly in the development of organic electronic materials, where its aromatic and methoxy groups contribute to desirable electronic properties. In research laboratories, it is used in the study of photochemical reactions and as a building block for the development of novel organic compounds with potential industrial or medicinal applications.