Used primarily as an intermediate in the synthesis of various chemical compounds, including pharmaceuticals, agrochemicals, and dyes. It plays a role in the production of active ingredients for herbicides and insecticides, contributing to crop protection and pest control. Additionally, it is utilized in the development of certain pharmaceutical drugs, particularly those targeting specific biological pathways. Its chloromethyl group makes it a valuable building block in organic synthesis, enabling the creation of more complex molecules. Proper handling and safety measures are essential due to its reactive nature and potential health hazards.