Used as an intermediate in the synthesis of pharmaceuticals, particularly in the production of certain antipsychotic and anti-inflammatory drugs. It serves as a building block in organic reactions where its methyl and methoxy groups allow for selective functionalization. Commonly employed in the development of agrochemicals, including herbicides and fungicides, due to its ability to enhance bioavailability and stability of active ingredients. Also utilized in research laboratories for the preparation of ligands in catalytic processes and in the design of novel heterocyclic compounds.