Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of selective enzyme inhibitors and receptor modulators. Its functional groups allow for further chemical modifications, making it valuable in medicinal chemistry for constructing complex molecules. Commonly employed in the preparation of active pharmaceutical ingredients (APIs) where halogen and methoxy substitutions are required for biological activity. Also utilized in agrochemical research for designing new crop protection agents due to its structural properties that enhance target specificity and metabolic stability.