This compound is primarily utilized in organic synthesis as an intermediate for the production of various pharmaceuticals and fine chemicals. Its structure, featuring both benzyloxy and methoxy groups, makes it a valuable precursor in the synthesis of complex molecules, particularly those targeting neurological and cardiovascular disorders. Additionally, it serves as a key building block in the development of agrochemicals, contributing to the creation of herbicides and pesticides. Its versatility in chemical reactions, such as nitrile transformations, further enhances its application in research and industrial processes.