Used primarily as an intermediate in the synthesis of various organic compounds, particularly in the production of specialty chemicals and polymers. It plays a role in the creation of epoxy resins, which are widely used in coatings, adhesives, and composites due to their strong bonding and durability. Additionally, it is utilized in the pharmaceutical industry for the development of certain active pharmaceutical ingredients (APIs). Its reactive epoxy and chloromethyl groups make it valuable in cross-linking reactions, enhancing material properties in industrial applications.