Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of fluorinated and iodinated aromatic compounds. Its structure allows for selective cross-coupling reactions, making it valuable in building complex organic molecules. Commonly employed in Suzuki and Heck reactions to form carbon-carbon bonds in drug discovery and materials science. The methoxy group enhances electron density, facilitating electrophilic substitution, while the halogens serve as reactive sites for further functionalization.