This chemical is primarily utilized in organic synthesis as a versatile building block for the development of more complex molecules. It is often employed in the pharmaceutical industry for the preparation of pyrazolopyridine derivatives, which are key intermediates in the synthesis of various bioactive compounds. Its bromomethyl group allows for further functionalization through substitution reactions, making it valuable in the creation of potential drug candidates. Additionally, it is used in research settings to explore new chemical reactions and pathways, contributing to advancements in medicinal chemistry and drug discovery.