Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of central nervous system (CNS) agents. Its structure supports the formation of bioactive molecules with potential applications in treating neurological disorders such as anxiety, depression, and epilepsy. Commonly employed in medicinal chemistry for constructing fused heterocyclic systems that enhance binding affinity to specific receptors. Also utilized in research settings to explore new pathways in organic synthesis due to its reactive bromo and hydroxyl functional groups.