This chemical is primarily used as an intermediate in organic synthesis, particularly in the production of pharmaceuticals and fine chemicals. It serves as a key building block for the introduction of the 4-(tert-butoxycarbonyl)benzyl group into larger molecules, enabling the creation of complex compounds with specific functional properties. Its reactivity, especially the bromomethyl group, makes it valuable in cross-coupling reactions and other transformations in medicinal chemistry. Additionally, it is utilized in the development of liquid crystals and advanced materials, where precise molecular architecture is required.