Used as an intermediate in organic synthesis, particularly in the production of pharmaceuticals and agrochemicals. It serves as a key building block for creating more complex molecules, such as active pharmaceutical ingredients (APIs) and fine chemicals. Its chloromethyl group is reactive, allowing it to participate in various chemical reactions like nucleophilic substitution, facilitating the introduction of functional groups. Additionally, it is employed in the development of liquid crystal materials and polymers, contributing to advancements in materials science. Its versatility makes it valuable in research and industrial applications for creating specialized compounds.