Used primarily in organic synthesis, this compound serves as a key intermediate in the production of complex molecules, particularly in the development of pharmaceuticals and agrochemicals. Its bromine atom makes it a valuable reagent for cross-coupling reactions, enabling the formation of carbon-carbon bonds. Additionally, it is utilized in the synthesis of specialized lipids and fatty acid derivatives, which have applications in research related to cell membrane studies and bioactive compounds. Its unique structure also allows for its use in the preparation of polymers and advanced materials with specific properties.