Used primarily as an intermediate in organic synthesis, this compound is valuable in the preparation of pharmaceuticals and specialty polymers. Its multiple hydroxyl groups and reactive bromomethyl site allow for selective functionalization, making it useful in crosslinking agents and modifying polymer resins. It also finds use in the development of biocides and antimicrobial agents due to the reactivity of the bromine atom, which can participate in substitution reactions. Additionally, it serves as a building block in synthesizing dendrimers and other branched macromolecules used in advanced materials and drug delivery systems.