This chemical is primarily used in organic synthesis as an intermediate for the production of various complex molecules. It is particularly valuable in the development of pharmaceuticals, where it serves as a building block for active pharmaceutical ingredients (APIs). Additionally, it finds applications in the synthesis of organic materials, including dyes and pigments, due to its unique structural properties. Its methoxy groups make it a useful precursor in the creation of compounds with specific electronic or optical characteristics, which are important in materials science and photochemistry.