Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of bioactive molecules with potential antiviral and antibacterial properties. Its structure allows for easy functionalization, making it valuable in medicinal chemistry for constructing heterocyclic compounds. It is also employed in agrochemical research for designing novel pesticides and herbicides due to its stability and reactivity. The chloromethyl group facilitates coupling reactions, enabling the attachment to larger molecular frameworks in drug discovery programs.