Used in organic synthesis as an intermediate for pharmaceuticals and fine chemicals. Its structure contains both hydroxyl and ester functional groups, making it suitable for further transformations in drug development. Commonly employed in the preparation of α-hydroxy ester derivatives, which are key motifs in bioactive molecules. Also utilized in the synthesis of chiral compounds through asymmetric reactions. The bromine substituent allows for cross-coupling reactions, enabling the construction of more complex aromatic systems. Found application in research settings for developing potential central nervous system agents and anti-inflammatory compounds.