This chemical is primarily used in organic synthesis as an intermediate for the production of various pharmaceuticals and agrochemicals. Its structure, featuring both a benzyloxy group and a chloro substituent, makes it valuable for constructing complex molecules. It is often employed in the development of active pharmaceutical ingredients (APIs) where specific aromatic and functional group interactions are required. Additionally, it serves as a building block in the synthesis of dyes and pigments, contributing to the color and stability of these materials. Its role in research and development is significant, particularly in creating compounds with potential therapeutic or industrial applications.