Used primarily as an intermediate in organic synthesis, this compound serves in the preparation of pharmaceuticals and agrochemicals. Its functional groups—bromine, nitro, and hydroxyl—allow for selective reactions such as reductions, nucleophilic substitutions, and coupling reactions. The nitro group can be reduced to an amine, enabling diazotization or amide formation, while the bromine site is suitable for cross-coupling reactions like Suzuki or Heck reactions. The hydroxyl group can be modified through esterification or ether formation, adding versatility in building complex molecules. It is particularly valuable in the development of bioactive compounds and functionalized aromatic systems.