Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of active ingredients for central nervous system (CNS) drugs. Its bromo and hydroxyl functional groups allow for selective cross-coupling reactions and further derivatization, making it valuable in medicinal chemistry for building complex molecules. Commonly employed in the preparation of kinase inhibitors and receptor modulators due to its ability to enhance binding affinity and selectivity in drug candidates. Also utilized in the production of agrochemicals and specialty organic compounds where halogenated aromatic scaffolds are required.