This compound is primarily utilized in organic synthesis as an intermediate for the production of more complex chemical structures. It is often employed in the development of pharmaceuticals, particularly in the synthesis of active pharmaceutical ingredients (APIs) that require a brominated aromatic framework. Additionally, it serves as a building block in the creation of agrochemicals, where its bromine and ester functional groups can be modified to produce herbicides or pesticides. In material science, it is used in the preparation of specialty polymers and coatings, leveraging its aromatic properties to enhance durability and performance. Its hydroxyl group also makes it a candidate for further chemical modifications, enabling its use in fine chemical manufacturing.