Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its brominated structure makes it valuable for creating compounds with specific biological activities, particularly in the development of antibacterial and antifungal agents. Additionally, it is utilized in research settings for studying halogenated aromatic compounds and their reactivity in chemical reactions. The hydroxyl and carboxylic acid groups provide sites for further functionalization, enabling the creation of complex molecules for diverse applications.