Used as a key intermediate in organic synthesis, particularly in the production of pharmaceuticals and agrochemicals. It plays a significant role in the development of compounds with potential therapeutic properties, such as anti-inflammatory and anti-cancer agents. Additionally, it is utilized in the creation of advanced materials, including organic semiconductors and polymers, due to its ability to introduce functional groups into complex molecules. Its bromomethyl group allows for further chemical modifications, making it valuable in research and industrial applications.