This compound is primarily utilized in organic synthesis as a building block for the development of more complex molecules. It serves as a key intermediate in the production of various pharmaceuticals, particularly those targeting neurological and psychiatric disorders. Its structure is often incorporated into the design of compounds with potential anticonvulsant, antidepressant, or anxiolytic properties. Additionally, it is used in research to explore novel bioactive compounds, especially in the field of medicinal chemistry. Its methoxy group enhances its reactivity, making it a valuable precursor in the synthesis of heterocyclic compounds, which are widely studied for their therapeutic potential.