This chemical is primarily utilized in the synthesis of various pharmaceutical compounds, particularly those targeting cardiovascular and neurological disorders. Its structure, featuring a chloropropoxy group and a hydroxyl phenyl moiety, makes it a valuable intermediate in the development of beta-blockers and other adrenergic receptor antagonists. Additionally, it is employed in organic research for the preparation of complex molecules, aiding in the study of chemical reactions and pathways. Its application extends to the production of specialty chemicals used in material science, where it contributes to the development of advanced polymers and coatings with enhanced properties.