Used as an intermediate in the synthesis of pharmaceuticals and fine chemicals, particularly in the development of central nervous system agents and psychoactive compounds. It serves as a building block in the preparation of substituted amphetamines and related derivatives due to the presence of the aldehyde and amino functional groups, which allow for further chemical modifications. Also employed in research settings for the creation of novel organic molecules with potential biological activity. Its methoxy groups enhance electron density, making it useful in electrophilic substitution reactions and in the design of serotonin receptor ligands.