This chemical is primarily utilized as an intermediate in the synthesis of more complex organic compounds, particularly in the pharmaceutical and agrochemical industries. It plays a key role in the production of active ingredients for pesticides and herbicides, where its structure is modified to enhance efficacy and target specificity. Additionally, it is employed in the development of certain pharmaceuticals, serving as a building block for molecules with potential therapeutic applications. Its reactivity, especially the bromomethyl group, makes it valuable in cross-coupling reactions and other organic transformations, contributing to the creation of diverse chemical products.