Used primarily in organic synthesis, this compound serves as a key intermediate in the preparation of more complex chemical structures. It is particularly valuable in the development of pharmaceuticals, where it can be utilized to create active pharmaceutical ingredients (APIs) with specific therapeutic properties. Additionally, it finds application in the synthesis of organic materials, such as dyes and pigments, due to its ability to introduce bromine atoms into aromatic systems. Its reactivity makes it suitable for cross-coupling reactions, which are essential in constructing carbon-carbon bonds in advanced organic molecules.