Used primarily in organic synthesis, this compound serves as a versatile intermediate for the preparation of more complex chemical structures. It is particularly valuable in the development of pharmaceuticals, where it can be utilized to introduce bromomethyl groups into target molecules, facilitating further functionalization. Additionally, it finds application in the synthesis of agrochemicals, contributing to the creation of compounds with potential pesticidal or herbicidal properties. Its reactivity makes it a useful reagent in cross-coupling reactions, which are essential in constructing carbon-carbon bonds in medicinal chemistry and materials science.