Used as an intermediate in the synthesis of pharmaceuticals and fine chemicals, particularly in the development of drugs targeting central nervous system disorders. It serves as a building block in the preparation of bioactive molecules due to the presence of both bromo and hydroxy functional groups, which allow for further chemical modifications through cross-coupling reactions and derivatization. Commonly employed in the creation of antimicrobial agents, antioxidants, and anti-inflammatory compounds. Also utilized in the production of agrochemicals and dyes, where its aromatic aldehyde structure supports condensation reactions to form more complex aromatic systems.