Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of nicotinic acetylcholine receptor modulators. It plays a role in the development of drugs for neurological disorders such as Alzheimer's disease and schizophrenia. Also utilized in agrochemicals for the creation of certain pesticides due to its ability to enhance bioactivity in active ingredients. Its chloro and methoxy functional groups allow for selective chemical modifications, making it valuable in medicinal chemistry research and development.