This chemical is primarily used as an intermediate in the synthesis of various pharmaceuticals and agrochemicals. It plays a crucial role in the production of compounds that exhibit biological activity, such as inhibitors for enzymes or receptors. Additionally, it is utilized in the development of dyes and pigments due to its aromatic structure, which allows for effective color formation. Its methoxy and amino groups make it a versatile building block in organic synthesis, enabling the creation of complex molecules for research and industrial applications.