This compound finds application in the field of organic synthesis, particularly as an intermediate in the production of more complex molecules. It is often utilized in the development of pharmaceuticals, where its benzodiazole core structure is valuable for creating compounds with potential biological activity. Additionally, it can be employed in the synthesis of agrochemicals, contributing to the creation of pesticides or herbicides. Its methoxyphenyl group may also make it suitable for use in materials science, particularly in the design of organic electronic materials or fluorescent dyes. Research efforts often explore its role in medicinal chemistry, focusing on its potential as a building block for drug candidates targeting various diseases.