Used primarily as a reactive intermediate in organic synthesis, this compound serves as a versatile alkylating agent due to its epoxide and chloromethyl functional groups. It is commonly employed in the production of epoxy resins and modifiers, where it enhances cross-linking and improves adhesive strength and chemical resistance. It also finds use in synthesizing specialty polymers and functional fluids, including surfactants and stabilizers. In pharmaceutical and agrochemical industries, it acts as a building block for introducing epoxy or chloroalkyl moieties into more complex molecules. Its high reactivity requires careful handling, but it enables efficient construction of carbon-chain-extended or functionalized structures.