Wood has been used for thousands of years for building, but in modern times has been increasingly displaced by brick, concrete, and steel and other metals especially for larger buildings. The latter materials require significant amounts of energy to produce and, in the case of concrete and cement, produce CO
2 emissions as a result of the chemical process in their manufacture.
Wood is relatively benign in these respects and has the benefit of sequestering carbon and the use of wood in building should provide economic incentives for growing more trees for construction. Wood is of course flammable and its use in building, particularly high-rise buildings, needs to be addressed with care.
An opinion piece, "Do you want beautiful, sustainable and safe tall buildings? Use wood" by architecture critic Rowan Moore in The Guardian (6 Jun 2020) discusses these issues.