This compound is primarily utilized in organic synthesis as a key intermediate for the development of more complex chemical structures. It is often employed in the preparation of pharmaceuticals, particularly in the synthesis of compounds with potential biological activity. Its bromobenzyl group makes it a versatile building block for constructing molecules that can interact with biological targets, such as enzymes or receptors. Additionally, it is used in research settings to explore novel chemical reactions and pathways, contributing to advancements in medicinal chemistry and drug discovery.