Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of antifungal and antiviral agents. Its reactive chloromethyl group allows for easy alkylation, making it valuable in constructing nitrogen-containing heterocyclic compounds. Commonly employed in the preparation of histamine H3 and H4 receptor antagonists. Also utilized in agrochemicals for the production of certain fungicides and plant growth regulators. Its versatility in organic synthesis supports its use in medicinal chemistry research and development.