From a traffic safety point-of-view, there is an urgent need for intelligent tires as a warning system for road conditions, for optimized braking control on poor road surfaces and as a tire fault detection system. Intelligent tires, equipped with sensors for monitoring applied strain, are effective in improving reliability and control systems such as anti-lock braking systems (ABSs). In previous studies, we developed a direct tire deformation or strain measurement system with sufficiently low stiffness and high elongation for practical use, and a wireless communication system between tires and vehicle that operates without a battery. The present study investigates the application of strain data for an optimized braking control and road condition warning system. The relationships between strain sensor outputs and tire mechanical parameters, including braking torque, effective radius and contact patch length, are calculated using finite element analysis. Finally, we suggested the possibility of optimized braking control and road condition warning systems. Optimized braking control can be achieved by keeping the slip ratio constant. The road condition warning would be actuated if the recorded friction coefficient at a certain slip ratio is lower than a 'safe' reference value.