Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals. It participates in organic transformations such as cross-coupling reactions and nucleophilic substitutions due to the presence of the chloro and ester functional groups. Commonly employed in the preparation of active ingredients in non-steroidal anti-inflammatory drugs (NSAIDs) and other therapeutic agents. Also utilized in the development of fragrances and dyes owing to its aromatic ester structure. Its reactivity makes it valuable in research laboratories for constructing complex organic molecules.