This compound is primarily utilized in organic synthesis as an intermediate for the production of more complex chemical structures. It is often employed in pharmaceutical research, where it serves as a building block for the development of active pharmaceutical ingredients (APIs). Additionally, it finds application in the field of agrochemicals, contributing to the synthesis of compounds used in crop protection and pest control. Its specific functional groups make it valuable in the creation of fine chemicals and specialty materials, particularly in reactions involving bromination and methoxylation.