Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors for cancer treatment. Its halogenated structure allows for selective cross-coupling reactions, enabling the construction of complex heterocyclic systems found in bioactive molecules. Also employed in research settings to design potent antimicrobial and anti-inflammatory agents due to its ability to modulate enzyme activity. Its hydroxyl and halogen groups provide sites for further functionalization, making it valuable in medicinal chemistry for structure-activity relationship studies.