Used primarily in organic synthesis as an intermediate for producing various pharmaceuticals and agrochemicals. It serves as a building block in the development of compounds with potential antibacterial and antifungal properties. Additionally, it is utilized in the preparation of specialty chemicals, including polymers and resins, where its bromine and hydroxyl groups enable specific functional modifications. Its role in research extends to the study of chemical reactions involving phenol derivatives, aiding in the exploration of new synthetic pathways.