Used primarily in organic synthesis, this compound serves as a versatile intermediate in the production of pharmaceuticals and agrochemicals. Its bromomethyl group allows for further functionalization, making it valuable in creating complex molecules. It is particularly useful in the development of active pharmaceutical ingredients (APIs) and crop protection agents. Additionally, it finds application in material science for the synthesis of specialty chemicals and polymers. Its reactivity and structural features make it a key component in research and industrial processes aimed at developing new compounds with specific biological or physical properties.