Used primarily as a synthetic intermediate in organic chemistry, this compound serves in the development of pharmaceuticals and biologically active molecules. Its functional groups—bromine and hydroxyl—allow for further chemical modifications, enabling coupling reactions and the formation of more complex structures. It is particularly valuable in medicinal chemistry for constructing sulfur-containing analogs with potential neurological or anti-inflammatory activity. Additionally, it may act as a building block in the synthesis of ligands for receptor binding studies.