This compound is primarily utilized in the synthesis of various pharmaceuticals and agrochemicals due to its reactive chloromethyl group, which allows for further functionalization. It serves as a key intermediate in the production of heterocyclic compounds, particularly those with potential biological activity. In medicinal chemistry, it is employed to develop molecules with antimicrobial, antifungal, or antiviral properties. Additionally, it finds application in the creation of herbicides and pesticides, where its structural framework contributes to the efficacy of the final product. Its versatility in organic synthesis makes it a valuable building block in research and industrial applications.