Used as a key intermediate in the synthesis of psychoactive substances, particularly in the production of certain hallucinogenic phenethylamines such as 2C-B. It serves as a building block in organic chemistry due to the presence of reactive bromine atoms and electron-rich methoxy groups, allowing for selective cross-coupling reactions and nucleophilic substitutions. Commonly employed in research settings for developing novel compounds in medicinal chemistry and pharmacology. Also utilized in the preparation of dyes and fluorescent materials owing to its aromatic structure and substitution pattern.