Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of compounds with antimicrobial or anti-inflammatory properties. It serves as a building block in organic reactions where selective bromination and nitro functional groups are required for further derivatization. Also employed in the preparation of dyes and functionalized phenolic compounds for research applications. Its structure allows for easy modification via nucleophilic substitution or reduction, making it valuable in medicinal chemistry and material science.