Used primarily as an intermediate in organic synthesis, this compound is valuable in the production of pharmaceuticals and agrochemicals. It serves as a key building block for the development of active ingredients in drugs, particularly those targeting specific receptors or enzymes. In agrochemicals, it contributes to the synthesis of herbicides and pesticides, enhancing their effectiveness. Additionally, it is employed in the preparation of specialty chemicals, including dyes and fragrances, due to its reactive benzyl bromide group. Its halogenated structure allows for further functionalization, making it versatile in various chemical reactions.