This chemical is primarily used as an intermediate in the synthesis of various pharmaceutical compounds. It plays a key role in the production of certain active pharmaceutical ingredients (APIs), particularly those involved in neurological and cardiovascular treatments. Additionally, it is utilized in organic synthesis for the development of complex molecules, including dyes and pigments, due to its reactive chloromethyl and nitro groups. Its dimethoxy structure also makes it valuable in the preparation of specialty chemicals for research and industrial applications.