Used primarily in organic synthesis, this compound serves as a key intermediate in the production of more complex molecules. It is often employed in the development of pharmaceuticals, where its bromoalkyl chain facilitates the introduction of functional groups. Additionally, it is utilized in material science for modifying polymers and creating specialized coatings. Its role in cross-coupling reactions, such as Suzuki or Heck reactions, makes it valuable in constructing carbon-carbon bonds for advanced chemical structures.