Used as an intermediate in the synthesis of flame retardants and epoxy resins due to its reactive hydroxyl and bromine groups. Its structure allows for cross-linking in polymer systems, enhancing thermal stability and fire resistance. Commonly employed in the production of specialty resins for coatings, adhesives, and electronic materials where durability and performance under heat are critical. Also utilized in the preparation of certain pharmaceuticals and biologically active compounds, serving as a building block in organic synthesis.