Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs). It plays a role in the production of compounds with potential therapeutic applications, such as anti-inflammatory or antimicrobial agents. Additionally, it is utilized in organic chemistry research for constructing complex molecules due to its reactive bromine and hydroxyl groups. Its properties make it valuable in the preparation of ligands for metal coordination chemistry, which can be applied in catalysis or material science.