Used primarily as an intermediate in organic synthesis, this compound plays a key role in the preparation of pharmaceuticals and agrochemicals. Its reactive aldehyde and bromo functional groups allow for versatile transformations, such as carbon chain elongation or cyclization reactions. It is particularly valuable in the synthesis of active ingredients in crop protection products and certain drug molecules. Additionally, it serves as a building block in the production of specialty chemicals, including fragrances and functional polymers, due to its ability to undergo selective reactions under controlled conditions.