Used as a key intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of bioactive molecules with antimicrobial or antifungal properties. Its bromo and methyl functional groups allow for selective cross-coupling reactions, making it valuable in medicinal chemistry for building complex heterocyclic systems. Also employed in the preparation of corrosion inhibitors and light stabilizers in polymer materials due to its ability to absorb UV radiation and form stable radicals.