Used primarily in organic synthesis, this compound serves as an intermediate in the production of pharmaceuticals and agrochemicals. Its bromine and nitrile groups make it a versatile building block for constructing complex molecules, particularly in the development of active pharmaceutical ingredients (APIs). It is also employed in the synthesis of herbicides and fungicides, contributing to crop protection. Additionally, its hydroxyl group allows for further functionalization, enabling its use in the creation of dyes and pigments for industrial applications.