Primarily utilized in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its structure is particularly valuable in the development of complex molecules due to the presence of methoxy groups, which can facilitate further chemical modifications. Additionally, it is employed in research settings for the synthesis of natural product analogs, aiding in the discovery of new bioactive compounds with potential therapeutic applications. Its role in the creation of specialized polymers and materials is also noteworthy, contributing to advancements in material science.