This compound is primarily utilized in organic synthesis as an intermediate for the preparation of more complex chemical structures. It is often employed in the development of pharmaceuticals, particularly in the synthesis of active pharmaceutical ingredients (APIs) that require specific functional groups for biological activity. The chloromethyl group present in the molecule allows for further functionalization, making it a versatile building block in medicinal chemistry. Additionally, it can be used in the production of agrochemicals, where it serves as a precursor for compounds with herbicidal or pesticidal properties. Its stability and reactivity make it suitable for use in research and industrial applications where precise chemical modifications are necessary.