This chemical is primarily used in organic synthesis as an intermediate for the production of more complex compounds. It is particularly valuable in the pharmaceutical industry for the development of active pharmaceutical ingredients (APIs) due to its reactive halogen atoms and benzyloxy group, which can undergo various transformations. Additionally, it serves as a building block in the synthesis of agrochemicals, such as herbicides and pesticides, where its structure can be modified to enhance biological activity. In material science, it is employed in the creation of specialty chemicals and polymers, contributing to the development of advanced materials with specific properties. Its versatility in chemical reactions makes it a useful reagent in research and industrial applications.