Used primarily as an intermediate in organic synthesis, especially in the production of pharmaceuticals and agrochemicals. Its brominated structure allows for substitution reactions, making it valuable in creating complex molecules. It is also employed in the development of specialty esters for use in lubricants and plasticizers. Due to its antimicrobial properties, derivatives may find use in biocidal formulations. Additionally, it serves as a building block in synthesizing fine chemicals where controlled chain length and functional group reactivity are required.