This compound is primarily utilized in the synthesis of various pharmaceutical intermediates. It serves as a key building block in the production of chiral molecules, which are essential for developing drugs with specific enantiomeric properties. Its structure, featuring a bromophenyl group and a hydroxyl group, makes it suitable for further functionalization through chemical reactions like esterification, reduction, or coupling reactions. Additionally, it is employed in research settings for studying enzyme inhibition and receptor binding activities, particularly in the context of designing bioactive compounds targeting neurological or inflammatory disorders. Its chiral nature also makes it valuable in asymmetric synthesis, contributing to the creation of optically pure substances.