This chemical is primarily utilized in the synthesis of organic compounds, particularly in the development of pharmaceuticals and fine chemicals. It serves as a key intermediate in the production of various active pharmaceutical ingredients (APIs), especially those targeting neurological and cardiovascular disorders. Its structure, featuring an ethylenedioxy phenyl group, makes it valuable for creating molecules with specific biological activities. Additionally, it is employed in research settings for the development of novel drug candidates, leveraging its unique chemical properties to enhance drug efficacy and stability. In material science, it can be used to synthesize specialized polymers or coatings with tailored properties.