Used primarily as an intermediate in the synthesis of azo dyes and pigments, particularly for producing yellow and orange shades in textile, ink, and coating applications. It plays a key role in diazotization and coupling reactions, contributing to color development and stability in dye formulations. Also utilized in the preparation of certain pharmaceuticals and agrochemicals where anilide derivatives are required. Its methoxy and acetoacetamide functional groups enhance reactivity and solubility, making it suitable for fine chemical synthesis.