This chemical is primarily utilized in the synthesis of various pharmaceutical compounds and organic intermediates. Its structure, featuring both benzyloxy and methoxy groups, makes it a valuable building block in the development of active pharmaceutical ingredients (APIs), particularly those targeting neurological and cardiovascular disorders. Additionally, it serves as a precursor in the production of fine chemicals and agrochemicals, where its nitrile group can be further modified to create complex molecules. Its application extends to research and development in organic chemistry, where it is employed in the study of reaction mechanisms and the synthesis of novel compounds.