This chemical is primarily used in organic synthesis as an intermediate in the production of more complex compounds. It is particularly valuable in the pharmaceutical industry, where it serves as a building block for the development of active pharmaceutical ingredients (APIs). Its structure allows for further functionalization, making it useful in creating molecules with potential therapeutic properties. Additionally, it finds application in agrochemical research for the synthesis of herbicides or pesticides. Its halogen and methoxy groups make it a versatile reagent in various cross-coupling reactions, such as Suzuki or Buchwald-Hartwig reactions, which are essential in constructing complex organic frameworks.