This chemical is primarily utilized in the field of organic synthesis, particularly in the development of pharmaceutical compounds. It serves as a key intermediate in the production of various bioactive molecules, including potential drugs targeting neurological and inflammatory disorders. Its structure, featuring both a bromo and a hydroxyl group, allows for versatile chemical modifications, making it valuable in constructing complex molecular frameworks. Additionally, it finds application in research settings for studying reaction mechanisms and developing novel synthetic pathways. Its role in medicinal chemistry is significant, as it contributes to the discovery and optimization of therapeutic agents.