This chemical is primarily utilized in organic synthesis as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its structure, featuring a bromo and hydroxyl group, makes it suitable for further functionalization through reactions such as halogenation, coupling, or substitution. It is often employed in the development of active pharmaceutical ingredients (APIs) for therapeutic agents, particularly in the synthesis of compounds with potential anti-inflammatory, antimicrobial, or antifungal properties. Additionally, it serves as a building block in the creation of complex molecules for research and industrial applications, contributing to advancements in medicinal chemistry and material science.