Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of nicotinic receptor agonists and antagonists. Commonly employed in the preparation of biologically active molecules, including drugs targeting neurological disorders. Its bromine functionality allows for cross-coupling reactions, enabling the construction of complex heterocyclic systems. Also utilized in agrochemical research for the design of novel pesticides and herbicides. The hydroxymethyl group provides a handle for further derivatization, making it valuable in medicinal chemistry and drug discovery.