Used as a key intermediate in the synthesis of pharmaceuticals and agrochemicals due to its reactive bromomethyl and chloro functional groups. It enables alkylation and cross-coupling reactions, making it valuable in building complex organic molecules. Commonly employed in the preparation of active ingredients in crop protection agents and in the development of drug candidates, especially where benzyl halide reactivity is required. Its structure allows for selective substitutions, facilitating the design of target compounds with specific biological activity.