This compound is primarily used in organic synthesis as a key intermediate in the production of various pharmaceuticals and bioactive molecules. It serves as a building block for the synthesis of tetralin-based compounds, which are often explored for their potential therapeutic properties. Specifically, it is utilized in the development of compounds with anti-inflammatory, anticancer, and central nervous system (CNS) activity. Its methoxy group and tetralone structure make it versatile for modifications, enabling the creation of diverse chemical libraries for drug discovery and development. Additionally, it is employed in research settings to study reaction mechanisms and develop novel synthetic pathways.