This chemical is primarily utilized in organic synthesis as a versatile building block for creating more complex molecules. Its bromomethyl group makes it highly reactive, enabling it to participate in nucleophilic substitution reactions, which are essential for forming carbon-carbon or carbon-heteroatom bonds. The nitro group adds further functionality, allowing for subsequent reduction or transformation into other useful groups like amines. It is often employed in the development of pharmaceuticals, agrochemicals, and specialty chemicals, where its structure serves as a key intermediate in the synthesis of active compounds. Additionally, its ester group can be hydrolyzed or modified, providing flexibility in designing target molecules for various applications.