This chemical is primarily used as an intermediate in organic synthesis, particularly in the production of pharmaceuticals and agrochemicals. It serves as a building block for creating more complex molecules due to its reactive bromomethyl and chloro groups, which can undergo further substitution or coupling reactions. In the pharmaceutical industry, it is utilized in the development of active pharmaceutical ingredients (APIs) for various therapeutic applications. Additionally, it finds use in the synthesis of specialty chemicals and dyes, where its structure contributes to the desired properties of the final product. Its role in research and development is also notable, as it aids in the study of chemical reactions and the creation of novel compounds.