This chemical is primarily utilized in organic synthesis as a versatile building block for the construction of more complex molecules. It is often employed in the development of pharmaceutical compounds due to its reactive bromomethyl group, which facilitates various coupling reactions. Additionally, it serves as a key intermediate in the synthesis of furan-based derivatives, which are valuable in agrochemical research and the production of fine chemicals. Its application extends to materials science, where it contributes to the creation of specialized polymers and functional materials.