Used as an intermediate in the synthesis of biologically active compounds, particularly in pharmaceuticals targeting enzyme inhibition and anti-inflammatory agents. Its structure allows for easy functionalization, making it valuable in medicinal chemistry for developing protease inhibitors and kinase modulators. Commonly employed in the preparation of drug candidates due to the reactivity of the chloromethyl group, which facilitates coupling with nucleophiles. Also utilized in agrochemical research for designing novel pesticides with enhanced stability and target specificity.