This compound is primarily utilized in organic synthesis as a building block for the development of more complex molecules. It is often employed in the pharmaceutical industry for the creation of bioactive compounds, particularly in the synthesis of potential drug candidates targeting various diseases. Its structure, featuring a bromine atom and a hydroxyl group, allows for versatile chemical modifications, making it valuable in medicinal chemistry research. Additionally, it can be used in the development of agrochemicals, where it serves as an intermediate in the production of pesticides or herbicides. Its role in facilitating selective chemical reactions makes it a useful reagent in academic and industrial laboratories.