Used primarily as an intermediate in organic synthesis, this compound serves in the preparation of pharmaceuticals, agrochemicals, and specialty esters. Its bromine functionality allows for further transformations via nucleophilic substitution or coupling reactions, making it valuable in building complex molecules. It is also employed in the synthesis of flavor and fragrance compounds due to its fatty ester backbone. In research, it acts as a building block for homologation or chain extension in aliphatic systems.