Used primarily as an intermediate in organic synthesis, this compound plays a crucial role in the production of various pharmaceuticals and agrochemicals. Its reactive bromomethyl group facilitates the introduction of other functional groups, making it valuable in constructing complex molecules. Additionally, it is employed in the development of specialty chemicals, including dyes and polymers, where its halogenated structure enhances stability and reactivity. In research, it serves as a building block for studying chemical reactions and designing new materials with specific properties.