Used primarily as a synthetic intermediate in organic chemistry, this compound serves in the preparation of pharmaceuticals and bioactive molecules. Its structure allows for further functionalization, making it valuable in the synthesis of amides, ketones, and substituted aromatics. The bromine substituent enables cross-coupling reactions such as Suzuki or Heck reactions, facilitating the construction of complex organic frameworks. It is also employed in medicinal chemistry for developing analogs with potential biological activity, including anti-inflammatory or central nervous system agents. Additionally, it can act as a building block in the development of agrochemicals and specialty materials.