Used primarily as an intermediate in organic synthesis, this compound plays a key role in the production of pharmaceuticals, agrochemicals, and dyes. Its reactive chloride group allows for easy substitution, making it valuable in the preparation of functionalized aromatic compounds. It is often employed in the synthesis of active ingredients in crop protection agents and in the development of fine chemicals where a substituted benzyl moiety is required. Additionally, it serves as a building block in the creation of polymers and specialty resins due to its stable aromatic structure and derivatization potential.