Used in pharmaceutical research, it serves as a key intermediate in the synthesis of various bioactive compounds. Its structure is particularly valuable in developing drugs targeting neurological disorders, such as Parkinson's disease, due to its ability to interact with dopamine receptors. Additionally, it plays a role in the production of chiral molecules, aiding in the creation of enantiomerically pure substances for therapeutic applications. Its dimethoxyphenyl group contributes to its potential use in designing compounds with antioxidant properties.