This chemical is primarily used as an intermediate in organic synthesis, particularly in the production of pharmaceuticals and specialty chemicals. Its structure, featuring both ether and ester functional groups, makes it suitable for constructing complex molecules. It is often employed in the development of drug candidates, where it serves as a building block for active pharmaceutical ingredients (APIs). Additionally, it can be utilized in the synthesis of polymers and surfactants, contributing to the creation of materials with specific properties such as flexibility, solubility, or stability. Its chloroethoxy group also allows for further chemical modifications, enabling its use in advanced research and industrial applications.