This chemical is primarily utilized in organic synthesis as a key intermediate for the production of various pharmaceuticals and bioactive compounds. Its structure, featuring both a bromine substituent and a hydroxyl group, makes it a versatile building block for constructing complex molecules. It is often employed in the development of drugs targeting neurological disorders, as it can be used to synthesize compounds with potential activity in the central nervous system. Additionally, it serves as a precursor in the synthesis of agrochemicals, where its derivatives may exhibit herbicidal or pesticidal properties. Researchers also explore its use in material science for creating specialized polymers or coatings with unique properties.