This compound is primarily used in organic synthesis as an intermediate for the production of more complex molecules. It is particularly valuable in the preparation of long-chain fatty acid derivatives, which are essential in the development of surfactants, lubricants, and plasticizers. Additionally, it serves as a key building block in the synthesis of biologically active compounds, including pharmaceuticals and agrochemicals. The bromine atom in the molecule allows for further functionalization through various chemical reactions, making it versatile in the creation of specialized organic materials. Its application in research and industrial processes highlights its importance in advancing chemical innovation.