Used in the synthesis of pharmaceuticals and agrochemicals, particularly as an intermediate in the production of ureas and carbamates. It is also employed in the development of dyes and pigments due to its aromatic structure and reactivity. Its methoxy group enhances electron density, improving selectivity in coupling reactions. Commonly used in research for labeling biomolecules and creating specialty polymers with tailored properties. Requires careful handling due to its reactivity with moisture and potential toxicity.