Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of active ingredients for central nervous system (CNS) drugs and antidepressants. Its structure allows for selective binding in biologically active molecules, enhancing drug efficacy. Commonly employed in the preparation of fluorinated analogs to improve metabolic stability and bioavailability. Also utilized in agrochemicals for the creation of herbicides and fungicides due to its ability to influence molecular reactivity and target specificity. Its phenolic and methoxy groups facilitate coupling reactions in organic synthesis, making it valuable in building complex aromatic systems.