Used primarily in organic synthesis, this compound serves as a key intermediate in the production of pharmaceuticals and agrochemicals. Its unique structure allows for the introduction of both bromine and fluorine atoms into more complex molecules, enhancing their biological activity. Additionally, it is employed in the development of dyes and pigments, where its halogenated phenol structure contributes to the stability and color properties of the final product. In research, it is utilized to study the effects of halogen substitution on the reactivity and properties of phenolic compounds.