Used as an intermediate in the synthesis of pharmaceuticals, particularly in the production of active pharmaceutical ingredients (APIs) for various therapeutic drugs. It plays a key role in the development of compounds with potential antimicrobial, antifungal, or anti-inflammatory properties. Additionally, it is utilized in agrochemical research for creating crop protection agents, such as pesticides or herbicides, to enhance agricultural productivity. Its reactive chloromethyl group makes it a valuable building block in organic chemistry for constructing complex molecules.