Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of nicotinic receptor modulators and anti-inflammatory agents. Its structure allows for selective functionalization, making it valuable in creating biologically active compounds. Commonly employed in medicinal chemistry for constructing heterocyclic systems found in neuroactive drugs. Also utilized in agrochemical research for designing novel pesticides with targeted activity. The bromo and hydroxy groups enable coupling reactions and derivatization essential in drug discovery pathways.