Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of nicotinic receptor modulators. Its structure allows for functionalization at multiple sites, making it valuable in creating biologically active compounds. Commonly employed in the preparation of pyridine-based drugs where the chloromethyl group enables alkylation or coupling reactions. Also utilized in agrochemical research for designing novel pesticides with targeted activity. The hydroxyl and chloromethyl groups provide reactivity for esterification, ether formation, or nucleophilic substitution, supporting its role in building complex molecules.