Primarily utilized in organic synthesis, this compound serves as a key intermediate in the development of various pharmaceuticals and agrochemicals. Its dibromomethyl group is particularly reactive, making it valuable for constructing complex molecular structures through substitution and coupling reactions. In medicinal chemistry, it is often employed to synthesize pyrazine derivatives, which are explored for their potential biological activities, including antimicrobial and anticancer properties. Additionally, it finds use in the preparation of specialty chemicals and fine chemicals, where its unique structure contributes to the creation of novel compounds with specific functionalities.