This chemical is primarily used in organic synthesis as an intermediate for the production of more complex compounds. It is often employed in the development of pharmaceuticals, particularly in the synthesis of active pharmaceutical ingredients (APIs) that require specific aromatic and functional group modifications. Additionally, it finds application in the creation of fragrances and flavoring agents due to its aromatic structure, which can impart unique olfactory characteristics. In research settings, it serves as a building block for the study of chemical reactions and the development of new synthetic methodologies. Its methoxy and methylenedioxy groups make it a versatile reagent in the construction of heterocyclic compounds, which are valuable in medicinal chemistry and material science.