Used in organic synthesis as a building block for the development of pharmaceuticals, particularly in the creation of compounds with potential therapeutic properties. It serves as an intermediate in the production of bioactive molecules, including those targeting neurological disorders and cancer. Additionally, it is utilized in research for designing and synthesizing novel heterocyclic compounds, which are important in medicinal chemistry for drug discovery and development. Its bromine and hydroxyl groups make it a versatile reagent for further functionalization and modification in chemical reactions.