Used primarily in organic synthesis as a building block for more complex molecules. It is particularly valuable in the development of pharmaceuticals, where it serves as an intermediate in the creation of active pharmaceutical ingredients (APIs). Its structure allows for further functionalization, making it versatile in medicinal chemistry for designing drugs with specific biological activities. Additionally, it is employed in material science for synthesizing advanced polymers and coatings, where its bromomethyl group can facilitate cross-linking or modification of polymer chains. Its applications also extend to agrochemical research, aiding in the development of new pesticides and herbicides.