Used primarily as a specialty intermediate in organic synthesis, particularly in the development of pharmaceuticals and agrochemicals. Its halogenated aromatic structure makes it suitable for cross-coupling reactions, such as Suzuki or Ullmann reactions, enabling the construction of complex biaryl systems. It is also employed in the synthesis of functionalized ketones with potential biological activity. Due to the presence of both bromo and iodo substituents, it allows for selective and sequential functionalization, offering versatility in multi-step synthetic routes.