This compound is primarily utilized in organic synthesis as a versatile intermediate. It is often employed in the preparation of complex organic molecules, particularly in the development of polymers and specialty chemicals. The bromomethyl group allows for further functionalization, making it valuable in cross-coupling reactions and the creation of branched or cross-linked structures. Additionally, it finds application in the synthesis of pharmaceutical compounds, where its ester groups can be hydrolyzed or modified to produce active drug components. Its role in material science is also notable, as it contributes to the development of advanced materials with specific mechanical or thermal properties.