Used primarily as an intermediate in organic synthesis, this compound is valuable in the production of pharmaceuticals and agrochemicals. Its bromomethyl group allows for further functionalization, making it a key building block in the development of complex molecules. It is also employed in the synthesis of specialty chemicals, particularly in the creation of fluorinated aromatic compounds, which are important in materials science and drug discovery. Additionally, its fluorine atom enhances the stability and bioavailability of the resulting compounds, making it useful in medicinal chemistry.