Used as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and fine chemicals. Its methoxy-substituted aromatic structure makes it valuable in the development of bioactive molecules, including potential drug candidates targeting central nervous system disorders. It also serves in the synthesis of fragrances and flavoring agents due to its aromatic characteristics. Additionally, it can act as a building block in the formation of more complex esters and benzoyl derivatives through esterification or cross-coupling reactions.