Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of bioactive molecules due to its reactive aldehyde and bromo functional groups. The compound serves as a building block in organic reactions, enabling the formation of carbon-carbon and carbon-heteroatom bonds. Its hydroxy and aldehyde groups allow for further derivatization, making it valuable in the preparation of heterocyclic compounds and fine chemicals. Commonly employed in research settings for designing compounds with potential antimicrobial or anti-inflammatory activity.