This compound is primarily utilized in the synthesis of various pharmaceutical intermediates and active ingredients. It serves as a key building block in the development of triazole-based compounds, which are known for their biological activity, including antifungal, antimicrobial, and antiviral properties. Additionally, it is employed in organic synthesis to introduce the chloromethyl group into molecules, facilitating further functionalization and modification. Its role in medicinal chemistry is significant, particularly in the design and production of drugs targeting specific enzymes or receptors. The compound’s reactivity and versatility make it valuable in research and industrial applications for creating complex organic molecules.