Used as an intermediate in the synthesis of dyes and pigments, particularly for producing azo dyes that exhibit good light and wash fastness. Also employed in the preparation of pharmaceuticals, where the amino and hydroxyl functional groups allow for derivatization into active compounds. Its bromine content enables further cross-coupling reactions in organic synthesis, making it valuable in the development of fine chemicals and agrochemicals. Additionally, it serves as a building block in the creation of fluorescent probes and sensors due to its ability to undergo selective modifications for optical applications.