Used as an intermediate in organic synthesis, particularly in the pharmaceutical industry for constructing complex molecules. It serves in the preparation of active pharmaceutical ingredients (APIs) where its chloroethoxy functionality allows for further alkylation or ring-forming reactions. Commonly employed in the synthesis of cardiovascular drugs and central nervous system agents due to its ability to act as a linker or spacer in prodrug design. Also utilized in agrochemical synthesis for creating herbicides and plant growth regulators. Its ester group enables easy modification through hydrolysis or transesterification, making it versatile in multi-step synthetic routes.