Used as a key intermediate in the synthesis of various pharmaceuticals and natural products, particularly in the development of vasodilators and antiarrhythmic agents. Its structure allows for selective functionalization in multi-step organic syntheses, making it valuable in medicinal chemistry. Commonly employed in the preparation of trimethoxybenzyl derivatives, it plays a role in the construction of complex molecules with biological activity. Also utilized in research settings for the development of new synthetic routes and as a building block in heterocyclic chemistry.