Used as an intermediate in the synthesis of various organic compounds, particularly in the development of pharmaceuticals and agrochemicals. It plays a role in the production of herbicides and other crop protection agents due to its reactivity and ability to form complex structures. Additionally, it is utilized in research settings for the preparation of biologically active molecules, aiding in the study of potential therapeutic agents. Its bromomethyl group allows for further functionalization, making it valuable in organic synthesis and material science applications.