This chemical is primarily utilized in organic synthesis as a versatile intermediate for the development of various pharmaceuticals and agrochemicals. Its reactive sites, including the bromo and chloromethyl groups, allow for further functionalization, making it valuable in constructing complex molecules. It is often employed in the preparation of active pharmaceutical ingredients (APIs) and in the synthesis of ligands for catalytic processes. Additionally, it serves as a key building block in the production of pyridine derivatives, which are essential in drug discovery and material science. Its applications also extend to the development of biologically active compounds, including potential therapeutic agents targeting neurological and infectious diseases.