This chemical is primarily used in organic synthesis as a versatile building block for the development of more complex molecules. It is particularly valuable in pharmaceutical research, where it serves as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). Its bromomethyl group makes it a useful reagent for introducing functional groups into target molecules through substitution reactions. Additionally, it is employed in the preparation of ligands for catalysis and in the development of agrochemicals. Its stability and reactivity make it a key component in the creation of compounds with potential biological activity.