Used in organic synthesis as an intermediate for pharmaceuticals and fine chemicals. Serves as a building block in the development of bioactive molecules due to the presence of multiple functional groups that allow for selective modifications. The bromo and hydroxy groups enable coupling reactions, halogen-metal exchanges, and derivatization for drug discovery research. Also employed in the preparation of enzyme inhibitors and antimicrobial agents. Its structure supports coordination with metal ions, making it useful in catalysis and material science applications.