Used as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of drugs targeting central nervous system disorders. It plays a role in the preparation of selective enzyme inhibitors and receptor modulators due to its ability to participate in cross-coupling reactions and functional group transformations. Its bromo and methoxy groups allow for further chemical modifications, making it valuable in medicinal chemistry for building complex molecules. Also employed in research settings for the design of novel bioactive compounds and in the creation of analogs for structure-activity relationship studies.