Used primarily as an intermediate in organic synthesis, this compound is valuable in the production of pharmaceuticals and agrochemicals. It serves as a key building block for the development of active ingredients in drugs, particularly those targeting specific biological pathways. Additionally, it is employed in the creation of complex molecules for crop protection agents, helping to enhance the efficacy and specificity of these products. Its reactive benzyl bromide group makes it useful in coupling reactions, enabling the formation of carbon-carbon or carbon-heteroatom bonds in various synthetic processes.