Used as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of anti-inflammatory and antimicrobial agents. Its structure supports derivatization for targeted drug design. Also employed in organic research for constructing complex aromatic systems. Shows potential in the preparation of kinase inhibitors due to bromo and hydroxy functional group positioning. Limited use in agrochemicals for modifying bioactive molecules. Not commonly used in industrial-scale applications; primarily confined to laboratory and medicinal chemistry settings.