This chemical is primarily utilized in organic synthesis as a versatile intermediate. It is commonly employed in the development of pharmaceuticals, particularly in the synthesis of active pharmaceutical ingredients (APIs) that target various therapeutic areas. Its bromo and hydroxymethyl functional groups make it a valuable building block for constructing complex molecules through cross-coupling reactions, such as Suzuki or Buchwald-Hartwig couplings. Additionally, it finds use in the production of agrochemicals, where it serves as a precursor for creating compounds with pesticidal or herbicidal properties. Its nitrile group also allows for further chemical transformations, enabling its incorporation into dyes, polymers, or specialty chemicals.