Used as a ligand in coordination chemistry, it facilitates the formation of metal complexes, particularly in catalytic processes. Its electron-donating methoxy groups enhance the reactivity and stability of these complexes, making it valuable in organic synthesis, including cross-coupling reactions like Suzuki-Miyaura and Heck reactions. Additionally, it finds application in the development of phosphorescent materials and organic light-emitting diodes (OLEDs) due to its ability to modify electronic properties. In pharmaceutical research, it serves as a building block for synthesizing compounds with potential biological activity.