Used as an intermediate in organic synthesis, particularly in the production of pharmaceuticals and agrochemicals. It serves in the preparation of ethers and esters through alkylation reactions. Commonly employed in the development of active ingredients in plant growth regulators and herbicides. Also utilized in the synthesis of specialty polymers and functionalized solvents due to its reactive chloro and ester groups. Its bifunctional nature allows for sequential chemical modifications, making it valuable in multi-step synthesis routes.