This compound is primarily utilized in organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various biologically active molecules, particularly in the synthesis of compounds with potential therapeutic properties. Its structure is often exploited in the creation of quinoline derivatives, which are known for their applications in medicinal chemistry, including antimicrobial, anticancer, and anti-inflammatory agents. Additionally, it may be used in the study of chemical reactions and mechanisms due to its unique bromo and hydroxyl functional groups, which allow for diverse chemical modifications.