Used as a key intermediate in the synthesis of agrochemicals and pharmaceuticals, particularly in the preparation of herbicides and plant growth regulators. Its reactive chloromethyl group allows for easy alkylation, making it valuable in building complex molecules. Commonly employed in the development of isoxazole-based bioactive compounds due to its stability and selective reactivity. Also utilized in research for creating novel heterocyclic compounds with potential antimicrobial or insecticidal properties.