Used primarily as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs) for central nervous system (CNS) drugs and antipsychotic medications. Its structure allows for selective substitution reactions, making it valuable in constructing complex molecules in medicinal chemistry. Also employed in the preparation of agrochemicals and fine chemicals where halogenated benzyl moieties enhance biological activity or stability. Commonly utilized in research laboratories for the introduction of fluorinated and chlorinated benzyl groups into target compounds.