Widely used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, this compound plays a key role in the development of active ingredients due to its stable phenolic structure and reactive bromine sites. Its alkyl-substituted phenol backbone allows for selective functionalization, making it valuable in creating complex organic molecules. It is also employed in the production of specialty polymers and antioxidants, where the bromine atoms can be displaced or modified to introduce desired properties. Additionally, it serves as a building block in research laboratories for developing new biologically active compounds, including antimicrobial and anti-inflammatory agents.