This compound is primarily utilized in organic synthesis as a building block for the development of more complex chemical structures. It is often employed in the pharmaceutical industry for the synthesis of active pharmaceutical ingredients (APIs) and intermediates, particularly in the creation of compounds with potential therapeutic properties. Its functional groups, including the chloro and methoxy substituents, make it a versatile reagent for various chemical reactions, such as nucleophilic substitutions and coupling reactions. Additionally, it can be used in the research and development of agrochemicals, where it serves as a precursor for the synthesis of pesticides or herbicides. Its role in material science is also notable, as it can contribute to the development of novel organic materials with specific electronic or structural properties.