Used primarily as a key intermediate in the synthesis of non-steroidal anti-inflammatory drugs (NSAIDs), particularly fenofibrate and related fibrate derivatives. It serves as a building block in pharmaceutical manufacturing due to its ability to form ester and ketone functionalities critical for biological activity. The compound's structure allows for easy modification in multi-step syntheses, making it valuable in producing lipid-regulating agents. It is also employed in research settings for developing analogs with improved metabolic stability and solubility. Its chlorinated aromatic system enhances binding affinity in target enzyme inhibition studies.