This chemical is primarily used in organic synthesis as an intermediate for the production of more complex compounds. Its functional groups, including the bromo and hydroxymethyl substituents, make it a versatile building block in pharmaceutical research, particularly in the development of active pharmaceutical ingredients (APIs). It is also employed in the synthesis of fine chemicals and specialty materials, where its structure allows for further modifications to create target molecules with specific properties. Additionally, it can be utilized in the preparation of polymers or coatings, where its aromatic and reactive groups contribute to the desired material characteristics.