This compound is primarily utilized in organic synthesis as a key intermediate for the development of more complex chemical structures. It is particularly valuable in the pharmaceutical industry for the preparation of active pharmaceutical ingredients (APIs) due to its functional groups, which allow for further chemical modifications. The presence of bromine and hydroxyl groups makes it a versatile building block in the synthesis of heterocyclic compounds, which are often found in drugs targeting various therapeutic areas. Additionally, its difluoro substitution can enhance the biological activity and metabolic stability of the resulting molecules, making it a crucial component in drug discovery and development processes.