Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of fluorinated drug candidates where enhanced metabolic stability and bioavailability are desired. Its halogenated aromatic structure makes it valuable in coupling reactions, such as Suzuki or Ullmann reactions, for building complex molecules in medicinal chemistry. Also employed in the preparation of agrochemicals and functional materials due to its reactive bromo and hydroxyl groups, which allow for further chemical modifications. The presence of fluorine atoms can influence the lipophilicity and binding affinity of final products, making it useful in optimizing lead compounds during drug discovery.