Used primarily in organic synthesis, this compound serves as a key intermediate in the production of pharmaceuticals, particularly in the development of drugs targeting neurological disorders. It is also employed in the synthesis of complex organic molecules for research purposes, aiding in the study of biochemical pathways. Additionally, it finds application in the preparation of specialty chemicals used in agrochemicals, contributing to the development of new pesticides and herbicides. Its bromine and methoxy groups make it a versatile building block in various chemical reactions, including cross-coupling and functional group transformations.