This chemical is primarily used in the field of organic synthesis, particularly in the development of pharmaceutical compounds. It serves as a key intermediate in the production of quinazoline derivatives, which are known for their potential therapeutic properties. Researchers utilize it to design and synthesize molecules that may exhibit anticancer, antiviral, or anti-inflammatory activities. Its structural features, including the benzyloxy and methoxy groups, make it a versatile building block for modifying and optimizing drug candidates. Additionally, it is employed in academic and industrial research to explore new chemical reactions and pathways, contributing to advancements in medicinal chemistry.