This compound is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). Its structure, featuring ethoxy and methoxy substituents on the phenyl ring, makes it a valuable building block for developing compounds with potential therapeutic effects. It is often employed in the research and development of drugs targeting neurological disorders, particularly those involving neurotransmitter modulation. Additionally, its methanesulfonyl group can enhance the stability and bioavailability of the resulting drug molecules, making it a crucial component in the design of novel medications.