This chemical is primarily utilized in the synthesis of various heterocyclic compounds, which are essential in the development of pharmaceuticals and agrochemicals. Its reactive chloromethyl group allows it to act as a key intermediate in the production of biologically active molecules, particularly in the creation of compounds with potential antimicrobial, antifungal, or insecticidal properties. Additionally, it is employed in research and development for designing novel chemical entities that can interact with specific biological targets, aiding in drug discovery and the optimization of therapeutic agents.