Used as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and agrochemicals. Its structure allows for selective functionalization, making it valuable in constructing complex molecules. Commonly employed in cross-coupling reactions such as Suzuki or Heck reactions to form carbon-carbon bonds. Also utilized in the development of bioactive compounds, including potential drug candidates targeting central nervous system disorders. Its methoxy and methyl groups influence reactivity and regioselectivity during substitution reactions, enhancing its utility in fine chemical manufacturing.