This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate for the development of more complex molecules. It is particularly valuable in the synthesis of pharmaceuticals, where it can be incorporated into the structure of potential drug candidates. The presence of the methoxybenzyl group enhances the compound's stability and can influence the pharmacokinetic properties of the resulting drugs. Additionally, it is used in the research and development of new chemical entities, especially in the exploration of compounds with potential biological activity. Its application extends to the field of agrochemicals, where it may be used in the creation of new pesticides or herbicides, leveraging its structural features to enhance efficacy and selectivity.