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 agrochemicals for creating novel pesticides due to the presence of halogen atoms that facilitate further functionalization. The hydroxyl group allows for coupling reactions or conversion into esters and ethers, enabling its use in multi-step organic syntheses. Its structure supports selective transformations useful in medicinal chemistry for optimizing drug candidates.