This compound finds application in the field of organic electronics due to its unique electronic properties, making it suitable for use in organic semiconductors and light-emitting diodes (OLEDs). Its structure allows for efficient charge transport, which is crucial for enhancing the performance of electronic devices. Additionally, it is utilized in the synthesis of advanced materials for photovoltaic cells, where it contributes to improving energy conversion efficiency. In the pharmaceutical industry, it serves as an intermediate in the development of novel therapeutic agents, particularly in the design of molecules with potential antioxidant and anti-inflammatory properties. Its methoxy and phenol groups make it a valuable building block in organic synthesis, enabling the creation of complex molecules for various research and industrial applications.