Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its bromo and hydroxy functional groups make it versatile for further chemical modifications, such as coupling reactions or substitutions, enabling the creation of complex molecules. In pharmaceuticals, it is often employed in the development of active ingredients targeting specific biological pathways. Additionally, its nitrile group can be hydrolyzed to form carboxylic acids or reduced to amines, expanding its utility in synthesizing diverse chemical structures. In agrochemicals, it contributes to the formulation of herbicides or pesticides by acting as a building block for active compounds. Its stability and reactivity make it a valuable component in research and industrial applications.