Used primarily in the pharmaceutical industry as an intermediate in the synthesis of various drugs, particularly those targeting the central nervous system. It plays a role in the production of compounds with potential therapeutic effects, such as anti-inflammatory and analgesic agents. Additionally, it is utilized in organic chemistry research for the development of novel chemical entities and as a building block in the creation of complex molecules. Its methoxy and methyl groups make it a versatile reagent for modifications and functionalizations in synthetic pathways.