Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and fine chemicals. Its structure is particularly valuable in the development of compounds with potential biological activity, such as antimicrobial or anti-inflammatory agents. Additionally, it is employed in the synthesis of complex organic molecules for research purposes, including the study of reaction mechanisms and the development of new synthetic methodologies. Its benzyl and methoxy groups make it a versatile building block in the construction of more intricate chemical architectures.