Used primarily in organic synthesis, this compound serves as a key intermediate in the production of pharmaceuticals and agrochemicals. Its reactive bromomethyl and chloro groups make it a versatile building block for constructing complex molecules. It is often employed in coupling reactions, nucleophilic substitutions, and as a precursor for active pharmaceutical ingredients (APIs) targeting various therapeutic areas. Additionally, it finds utility in the development of herbicides and insecticides, contributing to crop protection and pest management strategies. Its role in chemical research also extends to the creation of novel compounds with potential biological activity.