This compound is primarily utilized in organic synthesis as a versatile intermediate. It is often employed in the preparation of more complex molecules, particularly in pharmaceutical research and development. The bromomethyl group makes it a valuable building block for nucleophilic substitution reactions, enabling the introduction of various functional groups. Additionally, it serves as a key precursor in the synthesis of cyclohexane derivatives, which are commonly found in bioactive compounds and drug candidates. Its application extends to material science, where it is used to modify polymers and create specialized coatings with tailored properties.