This chemical is primarily utilized in organic synthesis as an intermediate for the production of more complex compounds. It is often employed in the development of pharmaceuticals, particularly in the creation of active pharmaceutical ingredients (APIs) that require specific functional groups for therapeutic activity. Additionally, it serves as a building block in the synthesis of agrochemicals, where its structural features contribute to the efficacy of pesticides or herbicides. Its methoxy and bromo groups make it a versatile reagent in cross-coupling reactions, which are essential in constructing intricate molecular frameworks in medicinal chemistry and materials science.