Used in the synthesis of pharmaceutical intermediates, particularly in the development of central nervous system agents. Serves as a chiral building block for optically active compounds, taking advantage of its stereospecific amine functionality. Employed in research settings for the preparation of selective serotonin reuptake inhibitors and related neuroactive molecules. Its bromophenol structure allows for further functionalization via cross-coupling reactions, making it valuable in medicinal chemistry for lead optimization.