This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the development of pharmaceutical agents targeting diseases such as cancer, inflammation, and infectious diseases. Researchers leverage its bromo and hydroxyl functional groups to facilitate further chemical modifications, enabling the creation of diverse drug candidates. Additionally, it has shown potential in the design of small molecule inhibitors that can modulate specific enzymatic pathways, making it a valuable tool in drug discovery and development processes.