Used primarily in the pharmaceutical industry as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a crucial role in the development of drugs targeting neurological disorders, including Alzheimer's disease and other cognitive impairments. Additionally, it is employed in the production of agrochemicals, particularly in the creation of pesticides and herbicides, due to its ability to act as a building block for complex molecules. In organic chemistry, it serves as a versatile reagent for constructing pyridine-based compounds, which are essential in materials science and catalysis research. Its bromo and chloromethyl groups make it a valuable precursor for further functionalization in medicinal and industrial chemistry.