Used primarily as an intermediate in organic synthesis, this compound plays a key role in the production of various pharmaceuticals and agrochemicals. Its bromomethyl group makes it a valuable building block for introducing the dioxolane moiety into more complex molecules, which can enhance stability or modify biological activity. Additionally, it is utilized in the development of polymers and coatings, where the dioxolane ring contributes to improved material properties such as durability and resistance to degradation. In research, it serves as a reagent for studying reaction mechanisms and developing new synthetic pathways.