Used primarily in organic synthesis, this compound serves as a key intermediate in the production of pharmaceuticals and agrochemicals. Its reactive bromomethyl group allows for further functionalization, making it valuable in the development of complex molecules. It is also employed in the synthesis of heterocyclic compounds, which are crucial in drug discovery and material science. Additionally, it finds application in the preparation of furan derivatives, which are used in various industrial processes, including the manufacture of fine chemicals and polymers.