Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals. It serves in the production of antimicrobial agents due to the presence of halogen atoms that enhance bioactivity. Commonly employed in the development of disinfectants and preservatives for industrial applications. Also utilized in research for constructing complex organic molecules, especially in halogen-directed functionalization reactions. Its methyl and hydroxyl groups allow for further chemical modifications, making it valuable in fine chemical synthesis.