This chemical is primarily utilized in organic synthesis as an intermediate for the preparation of various compounds. It is often employed in the development of pharmaceuticals, where it serves as a building block for creating active pharmaceutical ingredients (APIs). Additionally, it is used in the synthesis of specialty chemicals, including polymers and surfactants, due to its reactive bromoethoxy group. Its role in cross-coupling reactions and as a linker in bioconjugation processes is also notable, making it valuable in both industrial and research settings.