This chemical is primarily utilized in organic synthesis as a versatile building block for constructing complex molecules. It serves as a key intermediate in the preparation of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs) that target neurological and inflammatory disorders. Its iodine substituent makes it highly reactive in cross-coupling reactions, such as Suzuki and Heck reactions, enabling the formation of carbon-carbon bonds essential for drug development. Additionally, it is employed in agrochemical research to create novel compounds with potential pesticidal or herbicidal properties. Its methoxy group further enhances its utility in fine-tuning the electronic properties of synthesized molecules, making it valuable in material science for designing organic electronic materials.