This chemical is widely used in organic synthesis as a versatile building block, particularly in the pharmaceutical industry. It serves as a key intermediate in the preparation of various biologically active compounds, including inhibitors and receptor antagonists. Its reactive bromomethyl group allows for further functionalization, making it valuable in the development of complex molecules. Additionally, it is employed in peptide chemistry for the protection of amine groups during synthesis, ensuring selective reactions. Its stability and reactivity make it a preferred choice in medicinal chemistry research and drug discovery processes.