Used primarily in organic synthesis as a versatile intermediate, this compound plays a key role in the preparation of various pharmaceuticals and agrochemicals. Its reactive bromomethyl group allows for further functionalization, making it valuable in constructing complex molecules. Additionally, it is employed in the development of nitroaromatic compounds, which are often utilized in dyes, pigments, and explosives. Its application extends to research settings, where it serves as a building block for synthesizing novel compounds with potential biological activity.