Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of alkaloid-based drugs. It serves in the production of certain antitumor, antiviral, and antimicrobial agents due to its structural similarity to bioactive natural products. Also employed in research for developing novel compounds with central nervous system activity, including potential analgesics and neuroprotective agents. Its methoxy group enhances electron density, improving reactivity in coupling reactions for drug design.