Used as a key intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the preparation of brominated aromatic compounds. Its dual bromine and hydroxyl functional groups allow for selective cross-coupling reactions, making it valuable in building complex organic molecules. Commonly employed in the development of active ingredients for crop protection products and in medicinal chemistry for constructing heterocyclic systems. Also utilized in polymer chemistry as a monomer or cross-linking agent to modify material properties.