Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of nicotinic receptor modulators and central nervous system agents. It serves in the preparation of bioactive molecules due to the presence of both amino and hydroxyl functional groups, which allow for diverse chemical modifications. Commonly employed in the manufacture of agrochemicals and fine chemicals where bromine acts as a handle for cross-coupling reactions such as Suzuki or Heck reactions. Also utilized in research settings for the design of novel heterocyclic compounds with potential antimicrobial or antitumor activity.