Used as a key intermediate in organic synthesis, particularly in pharmaceuticals and agrochemicals. The bromomethyl group enables alkylation reactions, while the hydroxyl group allows for further functionalization such as esterification or oxidation. Commonly employed in the preparation of cyclobutane-based scaffolds found in bioactive molecules. Its reactivity makes it suitable for constructing complex ring systems through nucleophilic substitution or cross-coupling reactions. Also utilized in the development of specialty polymers where controlled branching or cross-linking is required.