Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals due to its reactive functional groups. The aldehyde and hydroxyl groups allow for easy modification, making it valuable in constructing complex organic molecules. Commonly employed in the preparation of heterocyclic compounds, especially benzofurans and coumarin derivatives, which are found in bioactive molecules. Also utilized in coordination chemistry as a ligand precursor for metal complexes with potential catalytic or antimicrobial properties. Its bromine substituent enables further functionalization via cross-coupling reactions, expanding its utility in medicinal chemistry research.