This chemical is primarily utilized in the synthesis of pharmaceutical compounds, particularly in the development of active pharmaceutical ingredients (APIs) that target specific diseases. Its structure, featuring both a bromo and hydroxymethyl group, makes it a versatile intermediate in organic synthesis, enabling the creation of complex molecules. It is often employed in the production of inhibitors or modulators for enzymes and receptors, which are critical in treating conditions like cancer, inflammation, or neurological disorders. Additionally, it serves as a building block in the preparation of agrochemicals, contributing to the development of pesticides or herbicides. Its nitrile group also allows for further functionalization, making it a valuable component in research and industrial applications.