Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of drugs targeting the central nervous system. Its reactive chloromethyl group allows for easy alkylation, making it valuable in forming carbon-nitrogen or carbon-oxygen bonds during drug manufacturing. Commonly employed in the production of nicotinic receptor modulators and other bioactive molecules. Also utilized in agrochemical synthesis for creating novel pesticides with improved efficacy. Its methoxy group contributes to enhanced stability and selectivity in final compounds.