Used primarily as an intermediate in organic synthesis, this compound plays a key role in the production of pharmaceuticals and agrochemicals. Its reactive functional groups make it suitable for introducing methyl and chloroalkyl moieties into more complex molecules. It is also employed in the preparation of specialty ketones and esters used in fragrance and flavor synthesis. Due to its ability to undergo nucleophilic substitution and condensation reactions, it serves as a building block in the development of active ingredients in crop protection agents. Additionally, it finds use in laboratory research for constructing carbon skeletons in medicinal chemistry projects.