Used in pharmaceutical research as a key intermediate in the synthesis of various bioactive compounds, particularly in the development of drugs targeting neurological disorders. It serves as a building block in organic synthesis, enabling the creation of complex molecules with potential therapeutic applications. Additionally, it is employed in the study of enzyme inhibitors and receptor modulators, aiding in the understanding of biochemical pathways. Its bromine and hydroxyl groups make it a versatile reagent for further chemical modifications, enhancing its utility in medicinal chemistry.