Used primarily in organic synthesis, this compound serves as a versatile intermediate in the production of pharmaceuticals and agrochemicals. Its unique halogen substitution pattern makes it valuable for creating complex molecules, particularly in drug discovery and development. The compound is often employed in cross-coupling reactions to build aromatic structures with specific functional groups. Additionally, it finds application in the synthesis of advanced materials, such as liquid crystals and polymers, due to its ability to modify electronic and steric properties. Its methoxy group also enhances reactivity in certain chemical transformations.