Used primarily in organic synthesis as a key intermediate for the production of various pharmaceuticals and agrochemicals. It plays a crucial role in the development of compounds with potential therapeutic properties, particularly in the synthesis of anti-inflammatory and anti-cancer agents. Additionally, it is utilized in the creation of dyes and pigments due to its structural properties, which allow for the formation of stable and vibrant colors. Its dimethoxy groups enhance its reactivity, making it valuable in complex chemical reactions and research applications.