Used primarily in the synthesis of agrochemicals and pharmaceuticals, this compound serves as a key intermediate in the production of various pesticides and herbicides. Its reactive chloromethyl group allows for further functionalization, making it valuable in creating compounds that target specific biological pathways. Additionally, it is employed in the development of active pharmaceutical ingredients (APIs) for drugs, particularly those with antimicrobial or antifungal properties. In research, it is utilized to develop novel chemical entities for potential therapeutic applications.