Used as a key intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of brominated aromatic compounds with biological activity. Its structure supports the creation of more complex molecules through selective substitution reactions. Commonly employed in research settings for designing enzyme inhibitors and antimicrobial agents. Also utilized in the preparation of specialty esters and as a building block in organic synthesis due to the presence of both hydroxyl and ester functional groups alongside bromine atoms, enabling diverse chemical transformations.