Used primarily in the synthesis of agrochemicals, this compound serves as a key intermediate in the production of herbicides and pesticides. It plays a crucial role in developing products that protect crops from weeds and pests, enhancing agricultural efficiency. Additionally, it is utilized in pharmaceutical research for creating molecules with potential therapeutic properties. Its chemical structure, featuring chloro, hydroxy, and nitrile groups, allows for further modifications, making it valuable in organic synthesis for various industrial applications.