This chemical is primarily used in organic synthesis as a building block for the preparation of more complex molecules. It serves as a versatile intermediate in the development of pharmaceuticals, particularly in the synthesis of active pharmaceutical ingredients (APIs) that target various diseases. Its reactive bromomethyl group allows for further functionalization, making it valuable in creating compounds with potential therapeutic applications. Additionally, it is utilized in the research and development of agrochemicals, where it contributes to the synthesis of novel pesticides or herbicides. Its role in cross-coupling reactions and as a precursor in medicinal chemistry highlights its importance in advancing drug discovery and material science.