Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals. It is particularly valuable in the development of drugs targeting neurological disorders, where its structure aids in the creation of compounds that interact with specific neurotransmitter systems. Additionally, it finds application in the synthesis of agrochemicals, contributing to the formulation of herbicides and pesticides. Its methoxy groups enhance solubility and reactivity, making it a versatile building block in medicinal chemistry and crop protection research.