This compound is primarily utilized in the synthesis of various organic intermediates, particularly in the production of pharmaceuticals and fine chemicals. Its structure, featuring both ethoxy and methoxy groups, makes it a valuable building block for creating more complex molecules. It is often employed in the development of active pharmaceutical ingredients (APIs) where specific functional groups are required for biological activity. Additionally, it can be used in the preparation of fragrances and flavoring agents due to its aromatic properties. Its role in research and development also extends to the study of chemical reactions involving ether and alcohol functionalities.