Used primarily in organic synthesis, it serves as a key intermediate in the production of pharmaceuticals and agrochemicals. Its chloromethyl group makes it a versatile building block for constructing more complex molecules, particularly in the development of active pharmaceutical ingredients (APIs). Additionally, it is employed in the synthesis of pyridine derivatives, which are valuable in creating compounds with potential therapeutic properties, such as anti-inflammatory or antimicrobial agents. Its role in fine chemical manufacturing underscores its importance in advancing drug discovery and agricultural innovations.