This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of biologically active molecules. Its structure, featuring both a bromo and a hydroxyl group on the phenyl ring, along with the isoindolin-2-yl moiety, makes it a versatile building block for developing potential therapeutic agents. It is often employed in the design and synthesis of compounds targeting neurological disorders, particularly those involving modulation of neurotransmitter systems. Additionally, its unique chemical framework is explored in the development of small-molecule inhibitors for enzymes or receptors implicated in various diseases. Researchers also investigate its potential in creating fluorescent probes or imaging agents due to its aromatic and electron-rich characteristics.