Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and bioactive molecules. Its reactive bromomethyl group allows for facile functionalization, making it valuable in the development of quinolone-based drugs, which are often utilized as antibiotics, antimalarials, and anticancer agents. Additionally, it is employed in the synthesis of complex heterocyclic compounds for research and industrial applications. Its role in cross-coupling reactions and as a building block in medicinal chemistry highlights its importance in advancing drug discovery and development.