This chemical is primarily used as an intermediate in organic synthesis, particularly in the production of pharmaceuticals and agrochemicals. It serves as a key building block for the development of various active compounds, including drugs targeting specific diseases or conditions. Additionally, it is employed in the synthesis of specialty chemicals and fine chemicals, where its reactive chloromethyl group allows for further functionalization. In material science, it can be utilized to modify polymers or create advanced materials with specific properties. Its versatility makes it valuable in research and industrial applications.