Used in organic synthesis to create complex molecules, particularly in the development of pharmaceuticals and bioactive compounds. It serves as a key intermediate in the production of long-chain fatty acid derivatives, which are important in studying lipid metabolism and membrane biology. Additionally, it is utilized in the preparation of surfactants and lubricants due to its brominated alkyl chain, which can be further modified for specific industrial applications. Its role in polymer chemistry is also notable, where it aids in the synthesis of specialty polymers with tailored properties.