Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It is particularly valuable in the preparation of pyrimidine derivatives, which are essential in the creation of drugs targeting cancer, viral infections, and other diseases. Its reactive chloromethyl group allows for further functionalization, making it a versatile building block in medicinal chemistry. Additionally, it finds application in the development of agrochemicals, contributing to the production of herbicides and pesticides. Its role in facilitating complex chemical transformations underscores its importance in advancing both healthcare and agricultural industries.