Used primarily as an intermediate in organic synthesis, this compound serves in the preparation of pharmaceuticals and agrochemicals. Its functional groups—bromine and nitro—allow for selective transformations such as cross-coupling reactions and reductions, enabling the construction of complex aromatic molecules. The hydroxyl group facilitates further derivatization, making it valuable in the development of active ingredients in crop protection agents and in the synthesis of bioactive molecules. It is also employed in research settings to build novel compounds for drug discovery and material science applications.