Primarily used in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals. It is particularly valuable in the development of active pharmaceutical ingredients (APIs) due to its reactive bromomethyl and fluorine groups, which allow for further functionalization. Additionally, it is employed in the synthesis of agrochemicals, where its structural properties contribute to the creation of effective pesticides and herbicides. The compound's ability to undergo nucleophilic substitution reactions makes it a versatile building block in the preparation of complex organic molecules.