This compound is primarily utilized in organic synthesis as a versatile intermediate for the development of more complex chemical structures. Its functional groups, including the bromine and fluorine atoms, make it a valuable building block in pharmaceutical research, particularly in the design of drug candidates. The hydroxyl group allows for further chemical modifications, enabling the creation of derivatives with potential biological activity. It is also employed in materials science for the synthesis of specialty chemicals and polymers, where its unique structure can impart specific properties to the final product. Additionally, it may be used in agrochemical research for the development of novel pesticides or herbicides, leveraging its halogenated aromatic system for enhanced efficacy.