This chemical is primarily utilized in organic synthesis as a versatile building block for the preparation of various biologically active compounds. It serves as a key intermediate in the production of pharmaceuticals, particularly in the synthesis of chiral molecules due to its stereochemistry. The epoxide ring and bromoethyl group allow for further functionalization, making it valuable in creating complex structures such as beta-blockers, antiviral agents, and other therapeutic drugs. Additionally, it is employed in the development of polymers and resins, where its reactive groups enable cross-linking and modification of material properties. Its application in fine chemical manufacturing highlights its importance in advancing medicinal and material sciences.