This chemical is primarily utilized in organic synthesis, particularly in the development of pharmaceuticals and agrochemicals. It serves as a key intermediate in the production of compounds with potential therapeutic properties, such as anti-inflammatory, antiviral, or anticancer agents. Its structure, featuring a bromine atom and a hydroxyl group, allows for further functionalization, making it valuable in constructing complex molecules. Additionally, it is employed in research settings to study the reactivity and behavior of heterocyclic compounds, contributing to advancements in medicinal chemistry and material science.