Used primarily in organic synthesis as a building block for more complex chemical compounds. It serves as an intermediate in the production of pharmaceuticals, agrochemicals, and specialty chemicals. The bromomethyl group allows for further functionalization, making it valuable in creating cyclobutane derivatives. It is also employed in research and development for studying ring strain and reactivity in cyclobutane-containing molecules. Additionally, it finds use in polymer chemistry for modifying polymer chains to achieve specific properties.