This compound is primarily utilized in the synthesis of various pharmaceutical agents, particularly those targeting neurological and cardiovascular conditions. It serves as a key intermediate in the production of drugs that modulate neurotransmitter activity, making it valuable in the development of treatments for depression, anxiety, and other mood disorders. Additionally, it is employed in the creation of compounds with vasodilatory properties, which are useful in managing hypertension and improving blood flow. Its methoxy and ethoxy functional groups contribute to its reactivity and specificity in these synthetic processes, enabling the design of molecules with enhanced therapeutic efficacy.