Used as an intermediate in the synthesis of agrochemicals and pharmaceuticals, particularly in the production of certain herbicides and fungicides. It serves as a building block in organic reactions where the chloro and methoxy groups allow for selective functionalization. Commonly employed in cross-coupling reactions, such as Suzuki or Heck reactions, to construct more complex aromatic systems. Also utilized in the development of dyes and specialty chemicals due to its stable aromatic structure and reactive substituents.