This chemical is primarily utilized in research and development, particularly in the field of organic synthesis. It serves as a key intermediate in the preparation of various biologically active compounds, including potential pharmaceutical agents. Its structure, featuring both carboxyphenyl and chlorophenyl groups, makes it valuable for studying structure-activity relationships in drug discovery. Additionally, it is employed in the development of novel materials, such as polymers and coatings, where its unique properties can enhance performance characteristics. Its applications also extend to agrochemical research, where it may be used to synthesize compounds with potential herbicidal or pesticidal activity.