This chemical is primarily utilized in organic synthesis as a versatile intermediate for the production of more complex molecules. It is often employed in the pharmaceutical industry for the development of active pharmaceutical ingredients (APIs), where its reactive bromomethyl and chloro groups facilitate the introduction of various functional groups. Additionally, it serves as a building block in the synthesis of agrochemicals, particularly in the creation of pesticides and herbicides, due to its ability to form stable bonds with other organic compounds. In material science, it is used in the preparation of specialty chemicals and polymers, where its structure contributes to the desired properties of the final product. Its role in cross-coupling reactions also makes it valuable in the field of fine chemical manufacturing.