This compound is primarily utilized in organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various biologically active molecules, particularly in the synthesis of naphthalene-based compounds. Its structure is valuable for creating potential drug candidates targeting specific receptors or enzymes. Additionally, it is used in the study of chemical reactions involving brominated aromatic systems, aiding in the exploration of novel reaction pathways. Its hydrochloride form enhances solubility, making it suitable for use in aqueous or polar solvent-based reactions. Researchers also employ it in the design of fluorescent probes or imaging agents due to the naphthalene moiety's photophysical properties.