This chemical is primarily utilized in organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various biologically active compounds, particularly those targeting neurological and cardiovascular disorders. Its structure is often leveraged in the synthesis of complex molecules due to its reactive bromo and methoxy functional groups, which facilitate further chemical modifications. Additionally, it is employed in the study of enzyme inhibition and receptor binding, aiding in the discovery of new therapeutic agents. Its application extends to material science, where it is used in the preparation of specialized organic materials with potential uses in electronics and coatings.