Used primarily in organic synthesis, this compound serves as an intermediate in the production of various pharmaceuticals. It is particularly valuable in the creation of active pharmaceutical ingredients (APIs) that require a phenylbutyl moiety. Additionally, it finds application in the development of specialty chemicals, including agrochemicals and dyes, where its structure contributes to the desired properties of the final product. Its reactivity with nucleophiles makes it a useful building block in the synthesis of complex organic molecules.