This compound is primarily utilized in organic synthesis as a versatile intermediate for the development of more complex chemical structures. It is particularly valuable in the pharmaceutical industry, where it serves as a building block for the creation of active pharmaceutical ingredients (APIs). Its bromine atoms make it highly reactive, enabling it to participate in various coupling reactions, such as Suzuki or Heck reactions, which are essential for constructing carbon-carbon bonds in drug molecules. Additionally, it finds use in agrochemical research for synthesizing compounds with potential pesticidal or herbicidal properties. Its methoxy group also allows for further functionalization, making it a key component in the design of novel chemical entities for both medicinal and agricultural applications.