Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various biologically active molecules. Its structure is valuable in the creation of potential drug candidates, particularly in the field of antimalarial and anticancer agents. Additionally, it is employed in organic synthesis for the preparation of complex heterocyclic compounds, which are essential in medicinal chemistry. The compound's bromine and methoxy groups make it a versatile building block for further functionalization, enabling the development of novel therapeutic agents.