Used primarily in organic synthesis, this compound serves as a key intermediate in the production of pharmaceuticals and agrochemicals. It is particularly valuable in the development of active pharmaceutical ingredients (APIs) due to its bromophenyl group, which can facilitate further chemical modifications. In the agrochemical industry, it is utilized in the synthesis of herbicides and pesticides, where its structure contributes to the efficacy of the final product. Additionally, it finds application in material science, aiding in the creation of specialized polymers and coatings with enhanced properties. Its role in research and development is also notable, as it is often employed in studies exploring new synthetic pathways and chemical reactions.