Used in organic synthesis as a key intermediate for the production of various pharmaceuticals, particularly in the development of compounds with potential therapeutic effects. It plays a role in the synthesis of inhibitors targeting specific enzymes or receptors, contributing to drug discovery and development. Additionally, it is utilized in the preparation of advanced materials, such as liquid crystals or polymers, where its structural properties enhance performance. Its bromomethyl group allows for further functionalization, making it valuable in creating complex molecules for research and industrial applications.