This compound is primarily utilized in organic synthesis as a versatile intermediate. It plays a significant role in the development of pharmaceuticals, particularly in the synthesis of active pharmaceutical ingredients (APIs) that target various diseases. Its structure, featuring both a bromo and a hydroxyl group, allows for selective functionalization, making it valuable in constructing complex molecules. Additionally, it is employed in the preparation of agrochemicals, contributing to the development of pesticides and herbicides. Researchers also use it in material science for designing novel organic compounds with potential applications in electronics and optoelectronics. Its reactivity and structural features make it a key building block in diverse chemical research and industrial applications.