Used in the synthesis of pharmaceuticals, particularly in the development of prodrugs and active pharmaceutical ingredients (APIs). It serves as a key intermediate in organic synthesis, enabling the introduction of oxetane rings into molecules, which can enhance metabolic stability and bioavailability. Applied in polymer chemistry to create functionalized polymers with improved properties, such as increased thermal stability and mechanical strength. Utilized in the production of specialty chemicals, including surfactants and coatings, where its reactive bromomethyl group allows for further chemical modifications. Plays a role in research and development for novel materials and drug delivery systems, contributing to advancements in medicinal chemistry and material science.