Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of nicotinic receptor agonists and antagonists. It plays a role in the preparation of compounds targeting neurological disorders, including Alzheimer's and Parkinson's diseases. Its reactive chloromethyl group allows for easy functionalization, making it valuable in medicinal chemistry for building complex heterocyclic systems. Also utilized in agrochemical research for designing novel pesticides with improved selectivity and efficacy.