This compound is primarily utilized in organic synthesis as an intermediate for the production of various pharmaceuticals and agrochemicals. It serves as a key building block in the development of active pharmaceutical ingredients (APIs), particularly in the synthesis of compounds with potential anti-inflammatory, antimicrobial, or analgesic properties. Additionally, it is employed in research and development for creating novel chemical entities with specific biological activities. Its bromine, hydroxyl, and amide groups make it a versatile reagent for further functionalization in multi-step synthetic processes.