Used primarily as a reagent in organic synthesis, this compound is instrumental in the formation of esters and amides through reactions with alcohols and amines, respectively. It plays a crucial role in the pharmaceutical industry, particularly in the synthesis of various active pharmaceutical ingredients where the introduction of 2-chloro-2,2-diphenylacetyl groups is required. Additionally, it is utilized in the development of agrochemicals, contributing to the creation of compounds with specific biological activities. Its reactivity with nucleophiles, including both the acid chloride and alpha-chloro functionalities, makes it valuable in the preparation of complex organic molecules in research and industrial settings.