This chemical is primarily utilized in the synthesis of organic compounds, particularly in the development of pharmaceuticals and agrochemicals. It serves as a key intermediate in the production of various active ingredients, including those used in anti-inflammatory and analgesic medications. Its structure, featuring both a bromophenyl and hydroxyphenyl group, makes it a versatile building block for creating complex molecules with specific biological activities. Additionally, it is employed in research settings for the development of novel compounds targeting neurological disorders, leveraging its potential to interact with specific receptors in the brain. Its applications also extend to material science, where it is used in the synthesis of advanced polymers and coatings with unique properties.