Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its structure allows it to participate in reactions that form complex organic molecules, particularly those requiring brominated aromatic systems. Additionally, it is utilized in the development of dyes and pigments due to its ability to introduce bromine atoms into molecular frameworks, enhancing color properties and stability. In research, it is often employed in the study of cross-coupling reactions, which are fundamental in creating carbon-carbon bonds in synthetic chemistry.