Primarily used in organic synthesis as a versatile intermediate for the preparation of various pharmaceutical compounds. It serves as a key building block in the development of drugs targeting neurological disorders due to its ability to introduce functional groups into complex molecules. Additionally, it is employed in the synthesis of agrochemicals, particularly in the creation of herbicides and pesticides, where its bromomethyl group facilitates further chemical modifications. In material science, it is utilized in the production of specialty polymers and resins, enhancing their properties for specific industrial applications. Its role in cross-coupling reactions also makes it valuable in the synthesis of advanced organic materials and fine chemicals.