Used primarily as an intermediate in organic synthesis, this compound is valuable in the production of pharmaceuticals and agrochemicals. It serves as a building block for creating more complex molecules, particularly in the development of active pharmaceutical ingredients (APIs) and specialty chemicals. Its bromine atoms make it a useful reagent for substitution reactions, enabling the introduction of methoxy and bromomethyl groups into target molecules. Additionally, it finds application in the synthesis of ligands for catalysis and in material science for modifying polymer structures.