Used primarily as an intermediate in organic synthesis, this compound plays a crucial role in the production of pharmaceuticals, agrochemicals, and fine chemicals. Its reactive chloromethyl group allows for further functionalization, making it valuable in the development of complex molecules. Additionally, it is employed in the synthesis of polymers and resins, where it contributes to the modification of material properties. In research, it serves as a building block for creating novel compounds with potential biological activity. Its applications extend to the field of dyes and pigments, where it aids in the synthesis of colorants with specific characteristics.