This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate for the preparation of more complex molecules. Its structure, featuring two methoxyphenyl groups, makes it particularly useful in the development of pharmaceuticals, especially in the synthesis of compounds with potential therapeutic properties. Additionally, it is employed in the creation of organic electronic materials, where its conjugated system can contribute to the desired electronic properties. In research, it is often used to study reaction mechanisms and to develop new synthetic methodologies, particularly those involving diketone chemistry.