This chemical is primarily used as an intermediate in the synthesis of more complex organic compounds. It finds application in the production of pharmaceuticals, particularly in the development of drugs that target specific biological pathways. Its structure, containing both chloro and dihydroxypropyl groups, makes it a versatile building block for creating molecules with potential therapeutic properties. Additionally, it is utilized in the preparation of specialty chemicals used in research and industrial processes, where its reactivity and functional groups are leveraged for further chemical modifications.