This chemical is primarily utilized in organic synthesis as a versatile building block for the development of more complex molecules. Its reactive bromomethyl group allows for easy functionalization, making it valuable in the creation of pharmaceuticals, agrochemicals, and specialty chemicals. The fluorine atom enhances the stability and bioavailability of the resulting compounds, which is particularly beneficial in drug discovery. Additionally, it can be used in the synthesis of fluorinated aromatic compounds, which are important in materials science for applications such as liquid crystals, polymers, and electronic materials.