Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals. It is particularly valuable in the development of drugs targeting neurological disorders, as it aids in the formation of compounds that interact with neurotransmitter systems. Additionally, it is employed in the synthesis of agrochemicals, contributing to the creation of pesticides and herbicides that enhance crop protection. Its reactive chloroacetamide group makes it a versatile building block in peptide chemistry, enabling the modification of amino acids and peptides for research and therapeutic purposes.