Used primarily as a solvent and intermediate in organic synthesis, this compound plays a role in the production of other brominated and chlorinated chemicals. It serves in laboratory settings for bromination reactions due to its ability to donate bromine atoms. Historically, it was found in some fire retardant formulations and as a component in lead scavengers for aviation fuels, though such uses have declined due to environmental and toxicity concerns. Its high density and solvating properties make it suitable for specialized extraction processes and density gradient work in research applications. Due to its volatility and potential health hazards, handling is restricted to controlled environments with proper ventilation and safety measures.