This chemical is primarily used in the field of organic synthesis, particularly in the development of specialized compounds. It serves as a key intermediate in the production of certain pharmaceuticals, especially those targeting cancer treatment. Its role in alkylation processes is crucial for modifying DNA structures in cancer cells, thereby inhibiting their growth. Additionally, it finds application in research laboratories for studying chemical reactions involving chloroethyl groups, which are significant in medicinal chemistry. Its stability and reactivity make it a valuable component in the synthesis of complex organic molecules.