Used as a key intermediate in the synthesis of agrochemicals and pharmaceuticals, particularly in the production of nicotinic acetylcholine receptor modulators such as neonicotinoids. Its functional groups allow selective reactions in multi-step organic syntheses, making it valuable in developing crop protection agents and active ingredients in plant growth regulators. The methoxymethoxy group acts as a protecting group for the phenolic hydroxyl at the 5-position during synthesis, enabling controlled reactivity. Commonly employed in the development of herbicides and insecticides due to its stability and reactivity profile in industrial processes.