Used in the synthesis of pharmaceutical intermediates, particularly in the development of central nervous system agents. It serves as a building block for serotonin receptor modulators and is involved in the preparation of compounds with potential antidepressant and anxiolytic activity. Its chloro and methoxy functional groups allow for selective reactions in multi-step organic syntheses, making it valuable in medicinal chemistry research. Also utilized in the production of specialty chemicals for agrochemical and neuropharmacological applications.