Used primarily as an intermediate in organic synthesis, especially in the production of specialty chemicals and modified fatty acid derivatives. Its bromine groups allow for further chemical transformations, such as elimination or substitution reactions, making it valuable in the development of surfactants, lubricants, and polymer additives. It also finds use in research for synthesizing long-chain alkenes or heterocyclic compounds through controlled dehydrobromination or cyclization processes. Due to its reactivity, it is employed in the preparation of flame retardants and plasticizers where brominated structures enhance thermal stability or flame resistance.