Used primarily as a specialty intermediate in organic synthesis, this compound serves in the development of advanced pharmaceuticals and functional materials. Its unique structure containing reactive bromomethyl groups allows for selective cross-coupling reactions and ring-forming processes. It is particularly valuable in constructing complex heterocyclic systems found in bioactive molecules. Researchers employ it in the synthesis of potential antiviral and anticancer agents due to its ability to mimic natural product scaffolds. Additionally, it has been explored in materials science for designing novel polymers with enhanced electronic properties.