This compound is primarily utilized in organic synthesis as an intermediate for the production of various pharmaceuticals and agrochemicals. Its structure, featuring both a bromo and a hydroxyl group, makes it a versatile building block in the development of complex molecules. It is often employed in the synthesis of active pharmaceutical ingredients (APIs) where the bromo group can participate in further substitution reactions, and the hydroxyl group can be modified or used for coupling reactions. Additionally, it finds application in the research and development of new chemical entities, particularly in the field of medicinal chemistry, where it aids in the creation of compounds with potential therapeutic properties.