Used as an intermediate in the synthesis of pharmaceuticals and fine chemicals, particularly in the development of central nervous system agents and psychoactive research compounds. It serves as a building block in organic reactions where selective substitution on aromatic rings is required. Its methoxy and chloro functional groups allow for further transformation through cross-coupling, nucleophilic substitution, or demethylation reactions. Commonly employed in research settings for the preparation of substituted benzene derivatives with tailored biological activity.