Primarily used as a key intermediate in organic synthesis, this compound is essential for the preparation of various polymers and copolymers. Its reactive bromomethyl and acrylic groups make it valuable in the production of specialty chemicals, particularly in the development of adhesives, coatings, and resins. It is also employed in the synthesis of pharmaceutical compounds, where its functional groups enable the creation of complex molecular structures. Additionally, it serves as a building block in the manufacture of advanced materials, including those used in biomedical applications such as drug delivery systems. Its versatility in chemical reactions makes it a crucial component in industrial and research settings.