Used primarily in organic synthesis, it serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its structure allows it to act as a building block for more complex molecules, particularly in the development of compounds with potential therapeutic properties. Additionally, it finds application in the synthesis of specialty chemicals, where its amine and methoxy groups contribute to the creation of compounds with specific reactivity and functionality. Its role in research and development is significant, particularly in the exploration of new drug candidates and chemical entities.