Used primarily in organic synthesis, this compound serves as a key intermediate in the production of pharmaceuticals and agrochemicals. Its structure allows for further functionalization, making it valuable in the development of active ingredients for drugs targeting various diseases. Additionally, it is employed in the synthesis of complex molecules for research purposes, particularly in medicinal chemistry, where its halogen and methoxy groups facilitate specific reactions. Its application extends to material science, where it contributes to the creation of specialized organic compounds with potential uses in advanced materials.