Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of nicotinic acetylcholine receptor modulators. It serves as a building block in the production of drugs targeting neurological disorders such as Alzheimer's and Parkinson's diseases. Also employed in the preparation of agrochemicals, including certain herbicides and plant growth regulators. Its bromo, amino, and hydroxymethyl functional groups allow for easy modification through cross-coupling reactions and other transformations, making it valuable in medicinal chemistry research and development.