Used in organic synthesis as a key intermediate for the production of various pharmaceuticals and agrochemicals. It plays a role in the development of compounds with potential biological activity, particularly in the creation of inhibitors or modulators for specific enzymes or receptors. The bromo and hydroxymethyl groups make it a versatile building block for further chemical modifications, enabling the creation of complex molecules. Additionally, it is utilized in research settings for the study of reaction mechanisms and the development of novel synthetic pathways.