This chemical is primarily used as an intermediate in organic synthesis, particularly in the production of surfactants and emulsifiers. Its unique structure, combining a bromine atom and a hydroxyl group, makes it valuable for creating compounds with specific properties, such as enhanced solubility or stability. It is also employed in the synthesis of pharmaceuticals, where it can serve as a building block for more complex molecules. Additionally, it finds application in the development of specialty chemicals used in coatings, adhesives, and lubricants, contributing to improved performance characteristics.