This compound is primarily used in the synthesis of pharmaceuticals and agrochemicals due to its versatile chemical structure. It serves as a key intermediate in the production of various active ingredients, particularly in the development of herbicides and fungicides. Its chlorinated aromatic ring and ester functional group make it a valuable building block for creating complex molecules with specific biological activities. Additionally, it is utilized in organic research for the preparation of heterocyclic compounds, which are important in drug discovery and material science. Its stability and reactivity under controlled conditions make it a preferred choice in fine chemical manufacturing processes.