This compound is primarily utilized in organic synthesis as an intermediate in the production of more complex chemical structures. It is particularly valuable in pharmaceutical research, where it serves as a building block for the development of active pharmaceutical ingredients (APIs). The presence of the bromoethyl group makes it a versatile reagent for further functionalization through substitution reactions, enabling the creation of diverse molecular frameworks. Additionally, it finds application in the synthesis of fine chemicals and specialty materials, where its reactivity is leveraged to introduce specific functional groups into target molecules. Its role in cross-coupling reactions and as a precursor in the synthesis of biologically active compounds highlights its importance in medicinal chemistry and drug discovery processes.