Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its bromomethyl group is highly reactive, making it valuable for introducing the benzo[d]oxazole moiety into more complex molecules. It is often employed in the development of heterocyclic compounds, which are crucial in drug discovery for their potential therapeutic properties. Additionally, it finds use in material science for creating specialized polymers and coatings with unique properties.