Used primarily as an intermediate in organic synthesis, this compound plays a crucial role in the production of pharmaceuticals and agrochemicals. Its reactive bromomethyl group allows for facile functionalization, making it valuable for constructing complex molecules. In medicinal chemistry, it is often employed to develop pyridine derivatives with potential therapeutic properties. Additionally, it serves as a building block in the synthesis of ligands for catalysis and materials science applications, contributing to advancements in drug discovery and industrial chemistry.