Used as an intermediate in the synthesis of pharmaceuticals and fine chemicals, particularly in the development of bioactive molecules and drug candidates. The benzyloxy group at the 3-position acts as a protecting group for the phenolic hydroxyl, while the bromine at the 4-position and carboxylic acid functional groups allow for further chemical modifications, such as cross-coupling reactions (e.g., Suzuki coupling) and esterification, making it valuable in building complex organic structures. Commonly employed in research settings for constructing benzodiazepine derivatives and other heterocyclic compounds with potential therapeutic activity, including anti-inflammatory and CNS-acting agents.