This chemical is primarily utilized in organic synthesis as a versatile intermediate. It is often employed in the preparation of pharmaceutical compounds, particularly in the development of active pharmaceutical ingredients (APIs). Its functional groups, including the bromomethyl and cyano groups, make it a valuable building block for constructing complex molecules through various chemical reactions such as nucleophilic substitution and cyclization. Additionally, it finds use in the synthesis of agrochemicals and specialty chemicals, where its reactivity allows for the creation of compounds with specific biological or chemical properties. Its role in cross-coupling reactions also makes it significant in the field of material science, particularly in the development of advanced polymers and organic electronic materials.