Used as an intermediate in organic synthesis, particularly in the preparation of functionalized alcohols and esters. It serves in the construction of complex molecules for pharmaceuticals and agrochemicals due to the presence of both bromo and acetate groups, which allow for selective reactions such as nucleophilic substitution and hydrolysis. The compound is also utilized in the synthesis of surfactants and specialty polymers where a long alkyl chain with reactive handles is required. Its bifunctional nature makes it valuable in stepwise synthetic routes involving protection and deprotection strategies.