Used as an intermediate in organic synthesis, particularly in the production of pharmaceuticals and agrochemicals. It serves as a building block for ester and carbonyl-containing compounds due to its reactive chloro and methoxy functional groups. Commonly employed in the preparation of alpha-alkoxy esters, which are key motifs in bioactive molecules. Its ability to undergo nucleophilic substitution makes it valuable in the development of novel synthetic pathways. Also utilized in the manufacture of specialty chemicals requiring selective functionalization.