Used primarily as an intermediate in organic synthesis, it plays a crucial role in the production of pharmaceuticals, agrochemicals, and specialty chemicals. Its reactive benzyl chloride group allows for facile functionalization, making it valuable in the creation of complex molecules. In pharmaceutical research, it is utilized to develop compounds with potential therapeutic properties. Additionally, it serves as a building block in the synthesis of dyes, pigments, and other fine chemicals, contributing to advancements in material science and industrial applications.