Widely used in the synthesis of pharmaceuticals and agrochemicals, this compound serves as a key intermediate in constructing complex molecules. Its reactivity allows for selective substitution reactions, making it valuable in the development of herbicides and fungicides. It is also employed in the preparation of active pharmaceutical ingredients, particularly in drugs targeting kinases, which are important in cancer therapy. The presence of chlorine and methoxy groups enables fine-tuning of molecular properties during drug design, enhancing potency and selectivity.