This chemical is primarily utilized in organic synthesis as a versatile intermediate for the production of various pharmaceuticals and agrochemicals. Its bromomethyl group allows for further functionalization, making it valuable in the creation of complex molecules. It is often employed in the development of active pharmaceutical ingredients (APIs) due to its ability to introduce nitro and nitrile functionalities, which are crucial in drug design. Additionally, it serves as a building block in the synthesis of heterocyclic compounds, which are widely used in medicinal chemistry for their biological activity. Its applications also extend to material science, where it can be used to modify polymers or create specialized organic compounds with specific properties.