Used in the synthesis of pharmaceutical intermediates, particularly in the development of bioactive molecules targeting central nervous system disorders. Its structure supports derivatization for use in medicinal chemistry, enabling the creation of compounds with potential anticonvulsant and neuroprotective activities. Also employed in agrochemical research for designing novel pesticides due to its ability to enhance molecular stability and binding affinity. The chloromethyl group allows for easy functionalization, making it valuable in building complex heterocyclic systems for drug discovery.