This compound is primarily utilized in the synthesis of various pharmaceutical agents, particularly those targeting cardiovascular and neurological conditions. It serves as a key intermediate in the production of beta-blockers, which are medications used to manage high blood pressure, irregular heartbeats, and other heart-related issues. Additionally, its structure is valuable in the development of compounds with potential antidepressant and anxiolytic properties, making it relevant in psychiatric drug research. In organic chemistry, it is also employed as a building block for creating complex molecules in medicinal chemistry projects. Its methoxy groups contribute to its reactivity and versatility in chemical transformations.