This compound is primarily utilized in organic synthesis as an intermediate for the production of more complex molecules. Its unique structure, featuring bromo, ethoxy, and hydroxy groups, makes it valuable in the development of pharmaceuticals, particularly in the synthesis of active pharmaceutical ingredients (APIs) that target specific biological pathways. Additionally, it serves as a building block in the creation of agrochemicals, helping to develop herbicides or pesticides with enhanced efficacy. The compound is also explored in material science for the design of organic electronic materials, where its functional groups can influence electronic properties. Its versatility in chemical reactions makes it a useful component in research and industrial applications.