This compound is widely used in organic synthesis as an intermediate for the production of various pharmaceuticals and fine chemicals. Its structure makes it valuable in the development of compounds with potential biological activity, particularly in the field of medicinal chemistry. It is often employed in the synthesis of benzodiazepines and other heterocyclic compounds, which are important in the treatment of anxiety, insomnia, and other neurological disorders. Additionally, it serves as a key building block in the creation of UV absorbers and photoinitiators used in coatings, adhesives, and inks. Its methoxy groups enhance its reactivity, making it a versatile reagent in cross-coupling reactions and other catalytic processes.