Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of nicotinic acetylcholine receptor modulators. It serves as a building block for compounds targeting neurological disorders such as Alzheimer's and Parkinson's diseases. Its bromo and hydroxyl functional groups allow for selective cross-coupling reactions, making it valuable in medicinal chemistry for creating complex heterocyclic systems. Also employed in agrochemical research for developing new pesticides with improved selectivity and lower toxicity.