This chemical is primarily utilized in organic synthesis as an intermediate for the preparation of more complex compounds. It is often employed in the development of pharmaceuticals, particularly in the synthesis of active pharmaceutical ingredients (APIs) that require specific ether or benzyl-protected groups. Additionally, it finds use in material science for the creation of specialized polymers and coatings, where its unique structure contributes to desired properties such as flexibility or chemical resistance. Its bromoethoxy group makes it a valuable building block in cross-coupling reactions, which are essential in constructing complex organic molecules for various industrial applications.