Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of drugs targeting central nervous system disorders. It serves as a building block in the preparation of kinase inhibitors and other bioactive molecules due to the presence of reactive bromo and hydroxy groups that allow for further functionalization. Commonly employed in cross-coupling reactions such as Suzuki and Heck reactions to construct complex heterocyclic systems. Also utilized in agrochemical research for developing novel pesticides and herbicides. Its structural features make it valuable in medicinal chemistry for optimizing potency and selectivity in drug candidates.