Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of vasodilators and cardiovascular drugs. It is also employed in the preparation of certain natural product analogs and bioactive molecules due to its stable dioxane ring structure and ether linkages, which can enhance metabolic stability. Its methoxy-substituted aromatic system makes it suitable for use in medicinal chemistry for structure-activity relationship studies. Additionally, it serves as a building block in the creation of more complex heterocyclic compounds used in drug discovery and development.