Primarily used in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. It is particularly valuable in the development of complex molecules due to its reactive chlorine atom and methoxy groups, which allow for further functionalization. In the pharmaceutical industry, it is utilized in the synthesis of active ingredients for medications targeting specific diseases. Additionally, it finds application in the research and development of new chemical entities, where its structural features are leveraged to create novel compounds with potential therapeutic or agricultural benefits. Its role in fine chemical manufacturing underscores its importance in advancing both medical and agricultural sciences.