Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of central nervous system agents and anti-anxiety drugs. It serves as a building block in the preparation of benzodiazepine derivatives due to the presence of the amino and carbonyl functional groups. Also employed in the production of UV-absorbing compounds for use in sunscreens and polymer stabilizers, where the bromine atom enhances photochemical stability. Its structure allows for easy functionalization in cross-coupling reactions, making it valuable in medicinal chemistry research and development.