Used primarily as an intermediate in the synthesis of pharmaceuticals and agrochemicals. Its structure allows for functionalization in drug development, particularly in creating compounds with biological activity. The chloromethyl group enables easy attachment to other molecules, making it valuable in building complex organic structures. Commonly employed in the preparation of pyrazole-based derivatives that exhibit anti-inflammatory, antimicrobial, or insecticidal properties. Also utilized in research settings for developing novel heterocyclic compounds.