This chemical is primarily utilized in organic synthesis as a versatile intermediate for the preparation of more complex compounds. It is particularly valuable in the development of pharmaceuticals, where it can be incorporated into the structure of active ingredients to enhance their biological activity. Additionally, it serves as a building block in the synthesis of heterocyclic compounds, which are crucial in medicinal chemistry for designing drugs with specific therapeutic effects. Its reactive bromoethyl group allows for further functionalization, making it a useful reagent in various chemical transformations.