Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of vasodilators and agents for treating cardiovascular conditions. It serves as a building block in organic synthesis due to the presence of both hydroxyl and bromo functional groups, enabling selective reactions for constructing complex molecules. Also employed in the development of agrochemicals and specialty polymers where halogenated aromatic structures are required. Its reactivity allows for cross-coupling reactions, making it valuable in research and industrial applications for creating biologically active compounds.