This compound is primarily utilized in organic synthesis as an intermediate for the production of various pharmaceuticals and fine chemicals. Its structure, featuring both bromine and hydroxyl groups, makes it a versatile building block in the development of complex molecules. It is often employed in the synthesis of active pharmaceutical ingredients (APIs), particularly in the creation of compounds with potential therapeutic effects. Additionally, it can be used in research settings for the development of novel chemical entities, particularly in the fields of medicinal chemistry and drug discovery. Its reactivity allows for further functionalization, enabling the creation of diverse derivatives for specific applications.