Used primarily as an intermediate in the synthesis of agrochemicals and pharmaceuticals, this compound plays a key role in constructing complex organic molecules due to its reactive isothiocyanate group. Its chloro and methoxy functionalities allow for further chemical modifications, making it valuable in the development of herbicides and fungicides. Additionally, it serves as a building block in the preparation of heterocyclic compounds, which are common structures in bioactive molecules and drug candidates. The compound's ability to participate in cycloaddition and nucleophilic substitution reactions enhances its utility in research and industrial organic chemistry.