Used as an intermediate in organic synthesis, particularly in the production of pharmaceuticals and agrochemicals. It serves as a building block for constructing complex molecules due to its reactive halogen atoms, which facilitate cross-coupling reactions like Suzuki or Sonogashira couplings. Its methoxy group can also influence the electronic properties of the resulting compounds, making it valuable in the development of biologically active substances. Additionally, it finds application in material science for creating specialized polymers or organic electronic materials.