Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals, including potential anticancer agents and anti-inflammatory drugs. It is also utilized in the synthesis of dyes and pigments due to its aldehyde and amino functional groups, which allow for versatile chemical modifications. Additionally, it plays a role in the development of organic electronic materials, contributing to the advancement of optoelectronic devices. Its methoxy group further enhances its reactivity, making it valuable in complex chemical transformations.