Used as an intermediate in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling, enabling the formation of carbon-carbon bonds in pharmaceutical and agrochemical manufacturing. Its boron-containing structure allows for efficient transformation into biaryl compounds, which are common scaffolds in drug development. The presence of a bromomethyl group provides a reactive site for further functionalization, making it valuable in building complex organic molecules. Commonly applied in research settings for the synthesis of boron-based compounds with potential biological activity.