This chemical is primarily used in organic synthesis as a versatile alkylating agent and intermediate. It is particularly valuable in the preparation of complex molecules, including pharmaceuticals and fine chemicals. The compound enables the introduction of a 2-(benzyloxy)ethyl group, which acts as a protected hydroxyethyl moiety, facilitating selective functionalizations in multi-step synthetic processes. Additionally, it is employed in the development of liquid crystals and advanced materials due to its ability to modify molecular properties. Its application extends to research laboratories where it serves as a reagent for studying reaction mechanisms and developing new synthetic methodologies.