Used in organic synthesis as an intermediate for pharmaceuticals and fine chemicals. Serves as a building block in the preparation of bioactive molecules, particularly in the development of central nervous system agents and cardiovascular drugs. Also employed in the synthesis of natural product analogs due to the presence of methoxy-substituted aromatic ring, which can mimic structural motifs found in biologically active compounds. Its amide functionality allows for further derivatization, making it valuable in medicinal chemistry research and drug discovery.