Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its reactive chloromethyl group allows for further functionalization, making it valuable in the development of biologically active molecules. It is also employed in research for creating quinoxaline derivatives, which are studied for their potential antimicrobial, anticancer, and anti-inflammatory properties. Additionally, it finds application in material science for the synthesis of specialized polymers and coatings.