Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of bioactive molecules targeting central nervous system disorders. Its structure allows for easy functionalization, making it valuable in medicinal chemistry for creating novel drug candidates. Also employed in the preparation of covalent inhibitors due to the reactive chloromethyl group, which can form stable bonds with biological targets. Additionally, it serves as a building block in agrochemicals for designing new pesticides with improved efficacy and selectivity.